Nicaragua is Ideal for Boosting Solar Energy Use and Equipment Assembly

2011-03-15

The recent rise in international oil prices drives a surge in gasoline, fuel oil, diesel and kerosene prices, which heightens Nicaraguan transport costs, and in turn, increases food and agriculture production costs and sale prices, affects the stability of commodity prices and impacts the economic growth. To reduce the oil dependency and to stabilize its energy supply, the Nicaraguan government is actively seeking solar energy industry to come and invest in Nicaragua. Based on a survey, there are 800,000 users in Nicaragua, the equivalent of more than 2 million people, without commercial power distribution service, which seriously affects national education and socioeconomic development. Given the abundant sunshine and vast available land, Nicaragua is an ideal place to promote solar energy use and equipment assembly, including modules such as: solar panels, batteries, connectors, LED lightings and peripherals. In addition to domestic use, they can be exported to FTA countries for tax-free resale. There are still 8 million users without power in the Central America, and this market is full of both business potential and opportunities.