Nicaragua
Nicaragua has a FIT program.
Several laws make up the program including, Ley para la Promocion de Generacion Electrica con Fuentes Renovables, Ley 532/05 (Law for the Promotion of the Generation of Electricity from Renewable Sources), and Ley de Reforma a la Ley No. 467, “Ley de Promocion al Sub-sector Hidroelectrico”, Ley 531/05 (Law reforming Law No. 467, “Law for the Promotion of the Hidroectric Sub-sector").
Summary
Law 532/05 describes the basic FIT program. The law applies to new projects as well as expansions of installed capacity at existing renewable energy facilities. The law applies to energy generated from hydro, wind, solar, geothermal, biomass, and other sources.
It states that tariffs for electricity from renewable energy sources shall be in the range of 5.5 and 6.5 US$cent/kWh. The Nicaraguan support framework guarantees tariff payment for 10 years. Besides tariff payment, the law guarantees further financial incentives such as tax exemptions.
Legal analysis
There currently is no legal analysis of this law. If you are a lawyer from Nicaragua, and interested in submitting an analysis, or providing more up-to-date information about the current status of the renewable energy policy, we would be happy to hear form you.
More information
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