Colombia’s Ministry of Mines and Energy has issued the call for its first auction for large-scale renewable energy projects.
Through the technology-neutral auction the Colombian government will select solar, wind and biomass projects with a capacity of over 10 MW. The auction, which will be managed by Colombia's national mining and energy planning unit UPME, will be held in January 2019 and will offer 10-year PPAs. Selected projects will have to start delivering power as of December 2022, while total allocated power production should amount to approximately 3,443 GW per year, which would correspond to about 1 GW of capacity, the Colombian government said in its statement.
“This government was, is and will be the government that promoted the energy transition towards a sustainable energy mix, adaptable to climate change, and that provides security in the power supply. In this way, the country will continue advancing in the fulfillment of the commitments of COP21 and of the sustainable development targets which will guarantee the country's energy sustainability in the medium and long term,” said the Minister of Mines and Energy, Germán Arce Zapata.
Popular content
No more details on how the auction will be further implemented were provided.
Colombia is currently turning to solar and renewables in order to diversify its electricity mix, which is largely dependent on hydropower. In March, the government published the Decreto 348 del 1 de marzo de 2017, a new legislation to support the installation of small and medium-sized renewable energy and solar power generators across the country.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
1 comment
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.