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El Salvador: Small Market with Growth Potential

Submitted by Baerbel Epp on June 4, 2014
El SalvadorDespite its relatively small population of 6.2 million inhabitants and its total area of barely 21,000 km², which is half the size of The Netherlands, El Salvador shows potential for growth: The solar thermal market in the Central American country offers opportunities both at public health units and in the hotel sector. The country’s high fossil fuel dependency (41 % of its electricity is generated using diesel), high irradiation and lofty electricity prices (around 0.2 USD/kWh) are creating an increasingly attractive market for technologies such as solar water heating. A new energy efficiency law is underway and may provide extra incentives for solar thermal technologies. The photo shows a hot water system at the Hospital de Diagnòstico in San Salvador.
Photo: Tecnosolar
 

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