President Obama and Leaders of Mexico and Central America Expand Low Carbon Electricity Cooperation
Fact Sheet
Office of the Spokesperson
Washington, DC
May 4, 2013
During his May 2-4 visit to Mexico and Costa Rica, President Obama met with heads of state of Central America, Mexico, and the Dominican Republic to discuss U.S. economic engagement and the Connecting the Americas 2022 (Connect 2022) initiative, launched by Colombia at the 2012 Summit of the Americas. As a key component of the Energy and Climate Partnership of the Americas, Connect 2022 seeks to provide, within a decade, all citizens of the hemisphere with access to reliable, clean, and affordable electricity through increased electrical interconnection. High electricity prices in Central America undermine investment and jobs and affect the lives of all citizens. With Mesoamerica’s rich geothermal, solar, wind, and hydropower resources, a diversified, lower carbon power sector can counteract these challenges.
The United States is supporting these efforts. U.S. companies are now associated with over 4 gigawatts (GW) lower carbon generation capacity in Mesoamerica. Since 2010, the U.S. Trade and Development Agency (USTDA) has invested in eight clean energy activities in Mexico and Central America, including support for feasibility studies, pilot projects, study tours, and other technical assistance. The Overseas Private Investment Corporation (OPIC) and Export-Import (EXIM) Bank of the United States are tracking potentially several hundred million dollars in new clean energy investments in the region:
ind Farm, using equipment manufactured in Pennsylvania;
U.S.-based Sempra Energy plans to begin construction soon on a 156 megawatts (MW) wind farm in Baja California, which will send clean renewable energy to San Diego;
A 120 MW plant being developed in northern Mexico would use U.S. natural gas and Mexico’s transmission grid to send cleaner electricity to Guatemala; and
Nevada’s Ormat Technologies, Inc. will soon break ground on a 35 MW geothermal plant – Honduras’ first. Ormat also operates and plans to expand on plants in Guatemala.