Energy storage companies exporting from El Salvador

4 FAQs about Energy storage companies exporting from El Salvador

Can US companies invest in El Salvador?

U.S. companies operating in El Salvador are subject to the U.S. Foreign Corrupt Practices Act (FCPA). Corruption can be a challenge to investment in El Salvador. El Salvador ranks 116 out of 180 countries in Transparency International's 2022 Corruption Perceptions Index.

What is the exports and Investment Promotion Agency of El Salvador (Proesa)?

The Exports and Investment Promotion Agency of El Salvador (PROESA) supports investment in seven main sectors: textiles, apparel, and light manufacturing; Bitcoin, digital technologies, and business services; tourism; aeronautics; agro-industry; energy and sciences (medical devices, biotechnology, and pharmaceuticals).

Does El Salvador have an investment attraction strategy?

Moreover, FUSADES latest position paper on private investment published in May 2022 notes that not having an investment attraction strategy prevents El Salvador from taking advantage of nearshoring to join global supply chains and diversify its productive structure, as well as expand access to technology and innovation.

How much does electricity cost in El Salvador?

The Salvadoran government subsidizes residential consumers for electricity use of up to 105 kWh monthly. The electricity subsidy costs the government between $50 million to $64 million annually. El Salvador's public finances are relatively transparent, but do not fully meet international standards.