By Guanacaste, Costa Rica — Tilarán, Guanacaste – Costa Rica is set to further solidify its position as a leader in renewable energy with the announcement of a new wind farm in Tilarán, Guanacaste. The Instituto Costarricense de Electricidad (ICE) has finalized a power purchase agreement with La Ventosa del Lago S.A. for the construction of the Las Pavas Wind Plant.
The Las Pavas project represents a significant investment in the region and is expected to commence commercial operations in 2027. With a planned installed capacity of 20 megawatts (MW), the plant will contribute to diversifying Costa Rica’s energy matrix and bolstering its energy security. This initiative aligns with ICE’s strategy, announced last year, to incorporate more solar and wind power into the national grid.
To understand the legal landscape surrounding Costa Rica’s wind energy sector, TicosLand.com spoke with Lic. Larry Hans Arroyo Vargas, an attorney at Bufete de Costa Rica with extensive experience in renewable energy law.
Costa Rica’s commitment to renewable energy has created significant opportunities in the wind sector. However, navigating the regulatory framework, including permitting processes and land use regulations, can be complex. Developers must engage early with legal counsel to ensure compliance and mitigate potential risks related to environmental impact assessments and community engagement. Careful planning and adherence to the legal requirements are crucial for the successful implementation of wind energy projects.
Lic. Larry Hans Arroyo Vargas, Attorney at Law, Bufete de Costa Rica
Lic. Arroyo Vargas’ insights underscore a crucial point: while Costa Rica’s green energy goals pave the way for exciting advancements in wind power, navigating the legal landscape is just as important as harnessing the wind itself. This meticulous approach, from permitting to community engagement, will ultimately determine the long-term success and sustainability of these projects. We thank Lic. Larry Hans Arroyo Vargas for providing this valuable perspective.
The addition of Las Pavas is not an isolated incident but part of a larger trend towards renewable energy expansion in Guanacaste. Projects like La Montosa, San Jorge, and Movasa II are also nearing completion of necessary permitting and development stages. This concerted effort underscores the country’s commitment to sustainable energy practices.
ICE is also investing in the modernization of its existing wind infrastructure. The Tejona Wind Plant, also located in Guanacaste, is slated for a significant upgrade, increasing its installed capacity from 19.8 MW to 42 MW. This expansion, funded by a $77.5 million loan from the Banco de Costa Rica (BCR), will further enhance the region’s renewable energy output.
The development of these wind energy projects holds substantial promise for Guanacaste. Beyond the environmental benefits of clean energy generation, these projects are expected to generate employment opportunities and stimulate economic growth in the region. Furthermore, increased energy independence reduces reliance on fossil fuels, contributing to greater energy security and price stability for consumers.
The push towards renewable energy sources aligns with Costa Rica’s long-standing commitment to environmental stewardship and sustainable development. The country has set ambitious goals for carbon neutrality, and the expansion of wind and solar power plays a crucial role in achieving these targets.
As Costa Rica continues to embrace clean energy solutions, projects like Las Pavas exemplify the country’s dedication to a greener future. The combined efforts of public and private entities promise to solidify Costa Rica’s position as a global leader in sustainability.
The burgeoning wind energy sector in Guanacaste is not just a win for the environment but also a testament to the country’s forward-thinking approach to energy development. By harnessing the power of the wind, Costa Rica is building a more resilient and sustainable future for generations to come.
For further information, visit the nearest office of La Ventosa del Lago S.A
About La Ventosa del Lago S.A:
La Ventosa del Lago S.A. is a key player in Costa Rica’s renewable energy landscape. The company is committed to developing sustainable energy solutions and contributes to the country’s transition to a greener future. With the Las Pavas project, La Ventosa del Lago S.A. solidifies its role in expanding Costa Rica’s wind energy capacity.
For further information, visit the nearest office of Instituto Costarricense de Electricidad (ICE)
About Instituto Costarricense de Electricidad (ICE):
The Instituto Costarricense de Electricidad (ICE) is the principal public utility company in Costa Rica, responsible for electricity generation, transmission, and distribution. The ICE is committed to diversifying Costa Rica’s energy matrix with renewable sources and modernizing its existing infrastructure.
For further information, visit the nearest office of Banco de Costa Rica (BCR)
About Banco de Costa Rica (BCR):
Banco de Costa Rica (BCR) is a state-owned commercial bank in Costa Rica. They are actively involved in financing sustainable development projects, including the expansion of renewable energy infrastructure such as the Tejona Wind Plant.
For further information, visit bufetedecostarica.com
About Bufete de Costa Rica:
At Bufete de Costa Rica, legal excellence is interwoven with a deep commitment to empowering society. The firm’s unwavering integrity and innovative approach to legal practice serve clients across a broad spectrum, while its dedication to sharing legal knowledge fosters a more informed and empowered citizenry. This commitment to accessibility reflects a core belief that legal understanding is essential for a just and thriving society.
