Opportunities for diversifying energy sources grow in Central America and the Caribbean
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20th July 2015

By Jaime Mejia
The new realities of global energy markets and the direction in which the United States is directing its energy policy are opening opportunities enabling the countries of Central America and the Caribbean to orient their energy development more toward using renewable and clean energy sources.
Several factors are coming together to provide strong incentives for more energy diversity in Central America and the Caribbean, said State Department official Robert Ichord during a panel discussion.
The panel, on the possibilities for transition to clean energy in Central America and the Caribbean, was organized in Miami by the Society of the Americas/Council of the Americas. Ichord is Under Secretary for the Energy Resources office of the United States State Department.
“The energy sectors and the technologies are changing very quickly, and are making the development of renewable energy increasingly more viable from an economic standpoint,” said Ichord in an interview with Latin Business Chronicle. “The cost of developing large-scale projects for solar or wind energy have fallen dramatically.”
Of course the issue of whether the recent fall in oil prices would reduce the incentive for developing clean energy surfaced during the panel.
However, Ichord thinks there are other incentives favoring clean energy. Ichord is the State Department official responsible for promoting the transition of energy systems and achieving more energy efficiency.
“There is a huge drive to …

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