NEWS

Costa Rica has taken a decisive step toward a sustainable future by allocating 412 MW for new low-carbon electricity projects through a competitive bidding process. This initiative is a significant milestone in the nation’s ongoing efforts to achieve energy decarbonization.

The allocation of 412 MW forms a crucial part of Costa Rica’s ambitious strategy to decarbonize its energy sector and attain net-zero emissions by 2050. This comprehensive plan includes both the development of new renewable energy projects and the expansion of existing ones. Among these is the 60 MW geothermal plant “Borínquen” in Guanacaste, slated to commence operations by 2028, underscoring Costa Rica’s commitment to harnessing its abundant geothermal resources.

The awarded capacity is strategically divided into three categories: 150 MW for dispatchable renewable plants, 200 MW for non-dispatchable renewable plants, and 62 MW for battery storage. This balanced distribution is designed to ensure a reliable energy supply while facilitating the transition to a low-carbon economy.