Nowadays, numerous governments have instituted diverse regulatory frameworks aimed at fostering the assimilation of sustainable energy sources characterized by reduced environmental footprints. Solar, wind, geothermal, and ocean energies were subject to extensive scrutiny, owing to their ecological merits. However, these sources exhibit pronounced temporal fluctuations. Notably, ocean dynamics offer vast energy reservoirs, with oceanic waves containing significant amounts of energy. In the Central American Pacific context, the exploration of wave energy resources is currently underway. Accurate numerical wave models are required for applied studies such as those focused on the estimation of exploitable wave power; and even more so in Central American region of the Pacific Ocean where existing numerical models simulations have so far relied on coarse resolution and limited validation field data. This work presents a high-resolution unstructured wave hindcast over the Central American Pacific region, implemented using the third-generation spectral wave model WAVEWATCH III over the period between 1979 and 2021. The results of the significant wave height have been bias-corrected on the basis of satellite information spanning 2005 to 2015, and further validation was performed using wave buoy and acoustic Doppler current profiler (ADCP) records located in the nearshore region of the Central America Pacific coast. After correction and validation of the wave hindcast, we employed the dataset for the evaluation and assessment of wave energy and its possible exploitation using different wave energy converters (WECs). This evaluation addressed the need to diverse the energy portfolio within the exclusive economic zones of Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama, Colombia, and Ecuador in a sustainable manner. Moreover, a comprehensive analysis was carried out on the advantages of harnessing wave energy, juxtaposed with the imperative of regulatory frameworks and the current dearth of economic and environmental guidelines requisite for development within the region.