Nicaragua Environment News

Nicaragua will be participating in the International Expo Yeosu Korea 2012, which will be held from May 12th through August 12th, with the objective of promoting the country as an up-and-coming tourism and investment destination.

Globeleq Generation Limited (Globeleq), an emerging markets power generation company, announced the acquisition of the 44 MW Eolo wind turbines project in Nicaragua.

Nicaragua was recently ranked one of the most attractive countries for clean energy investments in Latin America and the Caribbean in the 2012 Climatescope Report published by Bloomberg New Energy Finance (BNEF).

Nicaragua had a great exposure in this year’s Prospectors & Developers Association of Canada (PDAC) Convention, the world’s leading mining event, during which it showcased the successful development of its mining sector.

Nicaragua is currently in the process of petitioning that the Golf of Fonseca, located in the northwest border of the country, be declared a Trinational Bioshpere Reserve.

The Ministry of Energy announced that Nicaragua recently covered 48 percent of the nation’s energy demand through renewable sources, producing 219.8 megawatts of power through its wind, hydroelectric, biomass and geothermal energy plants.

HEMCO recently announced its plans to invest a total of US$50.5 million in the installation of two renewable energy projects in Nicaragua that will have the capacity of generating 20 MW.

Goodbox, a Taiwanese company specialized in manufacturing printed folding boxes, has confirmed it will be establishing operations in Nicaragua with plans to invest US$5.4 million and generate 4,000 new job opportunities once fully operational.

Ball Horticultural, a U.S. company and one of the leaders in ornamental plants cuttings, announced it will develop a hydroponic project in Nicaragua through its subsidiary company Las Limas, S.A., investing US$15 million and generating 900 jobs.

Wind energy developer Blue Power & Energy has awarded Vestas Wind Systems with the 39.6MW order for the La Fe – San Martin wind power project near Nicaragua’s eastern coast.

Nicaragua was the country with the second highest improvement in the Latin American region in this year’s index, surpassed only by Argentina, which improved four positions.

Timber Plantation investment in Nicaragua is a green long term safe investment that will surely outperform the stock market and capture 35,000 tons of carbon.

Hardwood Species such as Teak and Mahogany used in tropical tree farms have faster growth cycles and higher market values than North American timber. Investment in these species offer compounding annual returns of 10-20% and capture carbon.

RevealRealEstate today unveiled its new 2009 GreenList shining the light on the 45 greenest master-planned communities in Costa Rica, Panama, Belize and Nicaragua.