After scrapping its renewables auction in February 2019, Colombia is now all set to hold its first big scale renewable energy auction in October 2019. There are 27 companies in total that have expressed interest in the auction. Pictured is a clay earthen house in Colombia’s village Leyva. (Photo Credit: biraoliverio/www.goodfreephotos.com)
- Colombian Mining and Energy Planning Unit (UPME) has received interest from 27 companies for its renewable energy auction of October 2019
- Some of the names include Acciona Energia, Canadian Solar, EDF Renovables, Enel Green Power, Greenyellow, Solarpack, Trina Solar, among others
- According to UPME, 26 power distributors are acting as buyers of the renewable energy generated by the winning projects
Colombia To Hold Country’s 1st Fresh Renewable Energy Auction In October 2019; Participating Technologies, Including Solar, Will Sign PPAs With 15-Year Validity
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Colombia’s renewable energy auction due to be concluded in October 2019 has received 53 bids from 27 companies, according to the country’s Mining and Energy Planning Unit (UPME). The list includes international names like Acciona Energia, Canadian Solar, EDF Renovables, Enel Green Power, Greenyellow, Solarpack, Trina Solar, among others.
There are 26 power distributors that will act as buyers in the auction who will procure the power generated. Along with solar, other participating technologies are wind, geothermal, small hydro and wave power.
If it goes ahead as planned in October 2019, the auction will be the country’s first successful renewable energy auction after the government scrapped the auction previously in February 2019 despite receiving an aggregate bids of 1.5 GW (see Colombia’s 1st RE Auction Scheduled For Oct 2019).
In March 2019, Colombia auctioned 23 plants with 1,398 MW of renewable energy capacity under its Reliability Charge Auction with 2 of them being solar power projects having 238 MW total capacity (see 1.39 GW Wind/Solar Awarded In Colombian Auction).