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Building a successful renewables auction in Colombia

pv magazine publisher Eckhart Gouras spoke to Carolina Obando, regulatory coordinator at renewable energy association SER Colombia, to discuss the country’s first renewable energy auction. The delayed tender promises to boost a solar industry with a 4.3 GW pipeline.

Colombia to award longer PPAs in renewables auction

Already postponed from June to September 30, the procurement will now be held by the end of October. The exercise will be open to new renewables projects with more than 5 MW of generation capacity. Selected developers will be awarded 15-year energy deals rather than the 12-year arrangements offered in February’s abortive attempt.


Colombian developers think big ahead of September auction

In the first five months of the year, 16 solar projects with generation capacities larger than 99 MW were approved by the Colombian authorities. One of the projects may reach a 700 MW capacity, another has 240 MW and five more can generate up to 200 MW as around 3.55 GW of PV capacity has been added to the national pipeline.

Colombia awards 1.39 GW of wind and solar in Reliability Charge auction

The capacity comes from two solar parks and five wind power plants awarded firm energy obligations for 2022-2023. The Reliability Charge auctions were created by the Colombian government to ensure power supply during water shortages.


Colombia’s RE auction concludes with no assigned project, new auction to be launched by end of June

The Colombian authorities said the received offers did not comply with the criteria for competition and market dominance. Enel Green Power, Canadian Solar, Trina Solar and Solarpack were among the developers that were admitted to the auction’s final phase.


Advantage solar in Colombia’s first renewable energy auction

Some 22 projects were admitted to participate – 17 of them solar – in the country’s first RE procurement exercise, which will be held on February 26.


Will Colombia’s renewable energy auction set a new bar for the market?

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.


Diverxia secures approval for 240 MW solar park in Colombia

The project, planned for the northern department of Atlántico, will compete in the nation’s renewable energy auction next month.

Colombia launches first RE auction

Through the long-awaited auction, which will be held on February 26, the Colombian Government intends to allocate 1.18 million MWh per year. Selected projects will be awarded a 12-year PPA.


Colombia postpones RE auction

Originally scheduled to be held on Jan. 2, the auction has been delayed to an unspecified date in the third quarter of next year. Colombia’s national mining and energy planning unit UPME has also postponed the publication of final bidding terms at the request of interested parties.

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