Advantage solar in Colombia’s first renewable energy auction

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From pv magazine Latam.

In all, 27 companies expressed interest in participating in the first long-term renewable energy auction to be held in Colombia, according to the country’s Ministry of Mines and Energy.

A total of 15 companies and 22 projects were admitted to participate in the competition, which will be held on February 26 – with 17 of the projects solar, four wind and one biomass. A dozen companies made the final cut.

On February 20, the ministry’s Mining and Energy Planning Unit will inform the interested companies which projects meet the technical, financial and legal requirements for the sale of energy, as well as contacting the distribution and marketing companies qualified to purchase the electricity.

Ricardo Ramírez, director of the planning unit, said: “The first long-term power contract auction seeks to cover an objective demand of 1,183 GWh/year, with long-term annual average power contracts that will be valid for 12 years.” Despite projects that have been operational since the end of 2017 being eligible to apply, Ramírez added: “Only new projects participate, with installed capacity equal to or greater than 10 MW, which must come into operation as of December 1, 2021.”

The Colombian government aims to move from the current 50 MW to 1.5 GW of installed clean energy generation capacity, thereby raising investment of around $1.3-1.8 billion.

The auction was launched by the Mining and Energy Planning Unit at the beginning of January. Selected new-build projects will have to be grid-connected by November 30, 2021.