TM32 | Blue Energy: The new frontier of the Costa Rica’s ocean-based energy portfolio

TM32

Blue Energy: The new frontier of the Costa Rica’s ocean-based energy portfolio

Convener: Sharlin Sánchez Espinoza, Christopher Vega Sanchez | Co-convener: Paola González-Vargas

Wed, 04 Jun, 12:45–13:45 (CEST)|Room 6

" Blue Energy: The new frontier of the Costa Rica’s ocean-based energy portfolio" delves into country agenda for the planning, development and use of innovative non-conventional renewable energy solutions, mainly focusing on ocean-based sources such as offshore wind and waves. As a well-known international pioneer, in clean and renewable energy, Costa Rica has consistently demonstrated a strong commitment to sustainable practices, achieving important milestones in reducing dependence on fossil fuels for electricity generation and fostering energy transition through decarbonization of the economy.
The country’s geographical positioning, with two coasts in Caribbean and Pacific side, provides wide-ranging of potential for harnessing ocean energy, with significative theoretical installed capacity from offshore wind in the Northern Pacific and small but constant waves waiting to be harnessed as an affordable, clean and reliable source of blue energy. Since 2013, Costa Rica has initiated an ambitious national project to explore these potentials, most particularly led by the Costa Rica Institute of Electricity, a public entity in charge to produce and distribute energy in all country. This institution has embarked on mid-term program research to building offshore wind capacity and developing economic, financial, legal and environmental condition to boost an offshore wind project that aims to capture the vast energy resources available in the north of Pacific coastline. In addition to offshore wind energy, Costa Rica is actively researching and investing in wave energy technologies. The nation's coastline offers a prime opportunity to leverage wave power as a sustainable energy source.
This town hall meeting will feature an international forum on Costa Rica’s blue energy path, regarding strategic initiatives, technological advancements, as well as challenges and opportunities in expanding its blue renewable energy portfolio. Participants will gain insights into Costa Rica’s journey and prospects in achieving energy sustainability and resilience through innovative ocean-based energy solutions.