Solar will be one of the technologies that will compete with wind and biomass in Colombia’s first renewable energy auction. Colombian utility Celsia recently brought online the 9.8 MW Celsia Yumbo Solar plant, which is the first PV power plant in the country. (Photo Credit: Celsia)
- Colombia has announced that it plans to hold the country’s first renewable energy auction in 2018
- Minister of Mines and Energy stated that the auction will be held in the first half of 2018, before presidential elections scheduled for May 27, 2018
- Participating technologies in the auction proceedings will be solar, wind and biomass
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Colombia’s Minister of Mines and Energy, Germán Arce Zapata has announced the South American country will hold its first renewable energy auction before May 2018. PV, wind and biomass will be the eligible technologies for the auction.
Presidential elections in Colombia are scheduled to be held on May 27, 2018. The auction will be held before this date, but the minister did not share any specific date or the capacity on offer for the auction.
Under its National Energy Plan, Colombia wants to diversify its electricity mix. By 2028, it wants to have a cumulative power generation capacity of over 25 GW. As per US Department of Commerce’s International Trade Administration’s Export.gov, the government expects close to 240 MW of solar PV to come up by 2028 along with other conventional and non-conventional power sources. Export.gov helps US companies plan, develop and execute their business interests internationally. However, these expectations are not too ambitious – taking into consideration the low cost of solar, it will for sure grow much faster.
Recently, Colombian electric utility company Celsia connected the country’s first PV plant with 9.8 MW capacity. The project is located in the region of Valle del Cauca on a site which previously hosted the Termoyumbo coal power plant.