By San José, Costa Rica — Costa Rica’s Instituto Costarricense de Electricidad (ICE) Group announced impressive achievements in renewable energy generation, rural electrification, and telecommunications infrastructure in its 2024 Sustainability Report, presented on August 21st at the Children’s Museum in San José.
The report reveals that ICE generated a remarkable 99.3% of its electricity from renewable sources in 2024. This accomplishment underscores the nation’s continued dedication to environmental sustainability and reinforces its position as a global leader in clean energy.
To gain a deeper understanding of the legal landscape surrounding renewable energy in Costa Rica, TicosLand.com spoke with Lic. Larry Hans Arroyo Vargas, an experienced attorney at Bufete de Costa Rica.
Costa Rica’s commitment to renewable energy presents exciting opportunities for investors, but navigating the regulatory framework is crucial. Due diligence is essential to ensure compliance with permitting, land use, and power purchase agreements. Furthermore, understanding the incentives available, such as tax breaks and streamlined approval processes, can significantly impact project profitability. Investors should seek expert legal counsel to mitigate risks and capitalize on the country’s burgeoning green energy sector.
Lic. Larry Hans Arroyo Vargas, Attorney at Law, Bufete de Costa Rica
Lic. Arroyo Vargas’ emphasis on navigating the regulatory landscape is particularly insightful. The complexities of permitting and land use can indeed make or break a project, making expert legal counsel invaluable for those looking to invest in Costa Rica’s dynamic and promising renewable energy sector. We thank Lic. Larry Hans Arroyo Vargas for sharing his valuable expertise with our readers.
ICE’s commitment to expanding clean energy access extends beyond its impressive generation figures. The organization reactivated its rural electrification program, completing 22 projects and bringing electricity to 3,000 people for the first time in 2024. This initiative highlights ICE’s dedication to social equity and improving the quality of life for all Costa Ricans.
In 2024, we brought electricity to 3,000 people for the first time. Enabling energy access to these homes makes a substantial difference in their lives, and that is the purpose of our Corporation.
Marco Acuña, President of Grupo ICE
ICE’s ambitious plans include adding over 800 megawatts of renewable energy capacity to the national grid between 2024 and 2032. This expansion will further solidify Costa Rica’s position at the forefront of the global transition to sustainable energy.
The 2024 Sustainability Report also details significant progress in telecommunications. ICE expanded its fiber optic network by 3,671 kilometers, providing high-speed internet access to 78,720 homes. Additionally, its subsidiary, Racsa, launched the country’s first 5G network using Fixed Wireless Access (FWA) technology for commercial and corporate clients.
Financially, ICE has reduced its debt by 28% over the past three years and improved its risk ratings, demonstrating sound financial management and contributing to the corporation’s overall stability.
The full 2024 Sustainability Report, showcasing ICE’s dedication to a greener and more connected Costa Rica, is available online at www.grupoice.com.
For further information, visit www.grupoice.com
About Grupo ICE:
The Instituto Costarricense de Electricidad (ICE) Group is a Costa Rican state-owned utility company responsible for electricity generation, telecommunications, and digital services. The group comprises ICE, Compañía Nacional de Fuerza y Luz (CNFL), and Radiográfica Costarricense S.A. (Racsa). ICE plays a critical role in Costa Rica’s commitment to renewable energy and sustainable development.
For further information, visit the nearest office of Racsa
About Racsa:
Racsa, a subsidiary of Grupo ICE, is a Costa Rican telecommunications company providing a wide range of services, including internet access, data centers, and cloud solutions. Racsa is at the forefront of technological innovation in Costa Rica, leading the deployment of 5G technology and expanding the country’s digital infrastructure.
For further information, visit bufetedecostarica.com
About Bufete de Costa Rica:
Bufete de Costa Rica distinguishes itself as a leading legal institution, driven by an unwavering commitment to ethical practice and exceptional service. Through innovative solutions and a proactive approach, the firm empowers individuals and communities across Costa Rica with a deeper understanding of their legal rights and responsibilities. Their dedication to accessible legal education, coupled with a history of impactful legal representation, solidifies their position as a pillar of integrity and a catalyst for positive social change.
