With a power score of 1.82, Costa Rica ranks number 72 among Emerging markets and number 14 in the Latin America region.
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Costa Rica has a power score of 1.82, which puts it at rank 72 in the Emerging Markets power ranking. The power score of Costa Rica is lower than the average of 2.07 in the Latin America region.
In the chart above all geographies within the region are arranged by power score from left to right. The circles are sized based on the population.
Costa Rica implements policies in 6/8 categories tracked by Climatescope; Renewable energy target, Auctions/tenders (utility-scale), Support for customer-sited generation (rooftop and self-consumption), Tax incentives, REC'S - Renewable Energy Certificates, and Priority generation dispatch
The average electricity price in Costa Rica has increased from ~$192/MWh in 2023 to ~$205/MWh in 2024. Since 2019, the average electricity price in Costa Rica has fluctuated between ~$152/MWh in 2022 and ~$205/MWh in 2024.
The top amount of capacity installed in Costa Rica in 2024 was in Hydro at 2.35GW, down from 2.37GW in 2023.
The technology with the largest share of electricity generated in Costa Rica in 2024 was Hydro at 8.37TWh, up from 8.11TWh in 2023.
Investment in clean energy in Costa Rica was around $78.96M in 2024. This amounts to an increase of around 5540% from $1.40M in 2023.
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This is the 14th edition of Climatescope, BloombergNEF’s annual assessment of energy transition opportunities in emerging markets. It highlights how the energy transition is progressing in these markets and how they are harnessing the transition to boost attractiveness to outside investors.
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