Is Guatemala a good place to invest in solar energy?

Guatemala is the second largest Central American power market, with a goal to increase renewable energy use. Relatively high levels of solar irradiance and large areas of cleared land give the country a strong potential for increased solar energy development.

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%).

What is the average solar irradiaion in Guatemala?

According to the solar maps of Solar and Wind Energy Resource Assessment (SWERA), Guatemala's average solar irradiaion is 5.3 kWh/m2/day . Few small photovoltaic projects have been implemented in several Guatemalan remote areas, which have no access to grid electricity .

Why did BMR decide to buy a solar farm in Guatemala?

As part of its evaluation process, BMR determined that the solar farm offered a strong return that was supported by Guatemala’s well-established and stable regulatory system. BMR navigated a complex and cooperative sales process that involved four owners across three legal jurisdictions.

Why should we invest in green solar?

Relatively high levels of solar irradiance and large areas of cleared land give the country a strong potential for increased solar energy development. BMR Energy acquired the Green Solar project in 2017, bringing financial stability and an increased focus on operational excellence.