Costa Rica doubles feed-in rates for new distributed solar
Costa Rica''s state utility has approved an average 111% rate increase for new distributed generators under revised eight-year contracts.
Like wind power, solar power is another newer energy source in the country. The first solar power projects in the country were established in 1978 by just a few researchers from public universities at the Solar Power Laboratory at the National University. During 2012, Costa Rica inaugurated the Miravalles Solar Plant next to the Miravalles Volcano.
The project's totaling was $11.5 million ($10 million from JICA and $1.5 million from ICE. This plant of 1MW only represents 0.03% of all the capacity installed in the country. Currently, Costa Rica generates less than 1% of its energy production using solar power. The rest of the production is 79% Hydro, 12% Wind and 8% Geothermal.
Explore oil and gas export opportunities and the regulatory environment in Costa Rica. The Costa Rican Institute of Electricity (ICE) holds a monopoly over electricity distribution and generation in Costa Rica. There are some exceptions where other public institutions and co-operatives are authorized by law to generate and sell electricity.
Costa Rica''s state utility has approved an average 111% rate increase for new distributed generators under revised eight-year contracts.
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