Spanish developer Grenergy has secured a PPA from Colombian energy company Celsia for the supply of 120 GWh per year. The electricity will be provided by a solar park that will begin commercial operations in 2022.
In addition to the auction, scheduled for the first quarter of 2021, the Latin American country is also defining a green hydrogen roadmap in collaboration with Chile.
According to the Mining and Energy Planning Unit (UPME), there are currently 385 projects totaling 15 GW at different stages of development, including 4 biomass, 17 wind, 93 hydro, 271 photovoltaic and 7 thermal.
The procedures to secure income tax deductions, value-added tax exclusions, customs duty exemptions, and accelerated depreciation rates for renewable projects has been shortened to 45 days.
The technology makes up almost 70% of planned clean energy generation capacity in a nation which added just 4 MW of solar last year.
The Colombian government has revealed more details of the renewable energy procurement exercise finalized on Monday. Chinese manufacturer Trina was the bidder behind all three successful solar projects in the auction.
Three solar projects and five wind facilities were contracted in the procurement exercise. The auction’s final average electricity price was COP95/kWh, with a maximum bid of COP110.
The obligation will be applied annually from 2022. The clean electricity required will have to be bought through power purchase contracts of at least 10 years’ duration.
Canadian Solar, Acciona, Enel, EDF, Solarpack and Trina are among the contenders to develop large scale renewables projects. Some 26 power distributors are participating in the procurement as buyers.
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.
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