Some 8,891 hectares could be allocated through the tender, in the form of 179 plots of land in the northern and southernmost regions of the country.
The global market stagnated last year, with around 98 GW deployed. For 2019, the experts expect stronger solar growth, provided there are no setbacks in China.
The 540 MW project, in Brasileira, will feature 18 units with a capacity of 30 MW each. The developer is Brazil-based Gruppo Interalli and work on the giant plant is expected to start in the second quarter of the year.
Colombia is blessed with an abundance of natural resources. According to data from the Colombia’s National Mining and Energy Planning Unit, UPME and the Institute of Hydrology, Meteorology and Environmental Studies (IDEAM), hydro potential is estimated at 56 GW countrywide, while solar is close to 42 GW and wind 15 GW in the Guajira region alone. Today, hydroelectric sources make up 65% of the energy mix, while wind and solar account for just 0.11% and 0.06%, respectively. As these numbers underscore, Colombia has barely scratched the surface of its renewable potential.
Although power companies have urged the new administration of Jair Bolsonaro to reduce incentives for net metered solar distributed generation, ANEEL has proposed maintaining them until PV reaches a certain proportion of the electricity sector.
Wood Mackenzie’s number-crunchers are the latest analysts queueing up to predict a bumper year ahead for PV, with falling prices, rising efficiency rates and booming markets outside China all on the cards. And it could be a make-or-break year for mega-projects, says Wood Mac.
Two facilities were sold along with a 90 MW wind power plant generating the vendor around €700 million. Both solar projects were awarded 20-year PPAs in the most successful auction held by the Brazilian government, in August 2015.
The project, planned for the northern department of Atlántico, will compete in the nation’s renewable energy auction next month.
The funds will be used by the Argentinian government for solar and other renewable energy projects selected in the third round of the program. The guarantee package was approved by the World Bank in March.
The figure is represented by 39 utility-scale solar plants across 11 states and approximately 85,000 contracts for distributed-generation PV systems.
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