The Government of El Salvador, through its Investment and Export promotion Agency (PROESA) conducted its El Salvador´s Energy Workshop.
The event is an opportunity for potential investors to get to know the status of El Salvador energy sector and its investment opportunities.
American companies and institutions, such as Solar City, Torch Energy, Partners of the Americas, The Latino Coalition Foundation And ECPA Senior Fellow, were participating in the event.
“For PROESA, it is of great importance to support and articulate investment and business opportunities in an strategic and important sector, such as the energy sector”, Sigfrido Reyes, president of PROESA, said.
“This is why in a team work approach together with key American Institutions as Partners of the Americas and The Latino Coalition Foundation, we have been working together for this event: El Salvador´s energy workshop”, he said.
The seminar aims to identify new investment opportunities for the energy sector in El Salvador, in order to promote the diversification of the energy matrix, at small and large scale.
The Government of El Salvador is focused on energy investment attraction that is strongly related to El Salvador’s energy policy guidelines, where the support and fostering of renewable energy development and energy matrix diversification represent strategic key pillars for the development of the sector.
El Salvador is an attractive investment platform for the energy sector. It offers contracts and spot market based on production costs, bidding processes based on long-term contracts and clear rules, under a solid legal and regulatory framework that promotes the diversification of our energy matrix.
El Salvador’s Renewable Energy Incentives Law aims to promote investment in renewable energy sources (hydraulic, geothermal, wind, solar and biomass) to generate electricity; fostering research, exploration and project development activities.
July 31th, 2015