Is wind energy a good investment in Guatemala?

There is also strong interest by the government in wind projects. Wind energy is not nearly as attractive of an investment in Guatemala as other forms of renewable energy are such as solar and geothermal energy. There are only a few areas in Guatemala where wind development would be worthwhile.

Does Guatemala have a wind turbine?

There is only one wind turbine in Central American and it is located in Guatemala. It is located in the San Antonio region and was developed by Vestas, the world’s largest turbine manufacturer. Investors looking into developing wind energy in Guatemala will have a similar issue to geothermal investors when dealing with villagers.

How much electricity does Guatemala have?

As of 2020, Guatemala had 4110 MW of installed electrical capacity, based primarily on hydro power (38.38%), fossil fuels (30.36%), and biomass (25.20%). Other renewable sources represented a much smaller percentage of capacity, including wind (2.61%), solar (2.25%) and geothermal energy (1.20%).

Is solar energy a good investment for Guatemala?

Harnessing solar energy is reliable, predictable, and cost efficient, making it the most predictable and efficient renewable energy source available for Guatemalans and future investors looking to invest in the country. Major solar energy projects undertaken by the country could set the industry standard for decades to come.

What is Guatemala's energy source?

This page is part of Global Energy Monitor 's Latin America Energy Portal. In 2018, Guatemala derived 57.43% of its total energy supply from biofuels and waste, followed by oil (29.54%), coal (7.68%), hydro (3.22%), and other renewables such as wind and solar (2.12%).

Why is solar power a problem in Guatemala?

Current conventional power systems in Guatemala threaten agriculture, land usage, and incur heavy maintenance costs. Traditional solar systems are expensive, insufficient, and ineffective for meeting the needs people in Guatemala’s most rural area.