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Colombia enhances tax incentives for renewables
of Decree 829 of 2020 (Decreto 829 de 2020), the federal government of Colombia is assisting in accessibility to tax incentives defined in Law 1715 of 2014 by
Jun 16, 2020 // Markets & Finance News, South america, Colombia, tax
Colombia's 9.48 GW solar project pipe
341 solar projects have actually been authorized or are under evaluation in Colombia, according to a computer registry assembled by the Mining and also Energy
Apr 15, 2020 // Plants, Large-Scale, Commercial, Residential, South america, Colombia, Solar Project
Building a successful renewables auction in Colombia
down on Friday in downtown Bogotá to talk to renewable energy association SER Colombia about the nation’s first clean energy auction. The interview with
Sep 3, 2019 // Plants, Large-Scale, Commercial, Opinions, Rooftop PV, rooftop PV, Eckhart Gouras, Carolina Obando, SER Colombia, Maria Fernanda Suárez
Colombia backs PV plant as president touts clean energy shift at UN summit
of the largest solar projects to date in Colombia has cleared a key planning hurdle as president Iván Duque promised clean energy leadership at this
Sep 25, 2019 // Plants, Large-Scale, Commercial, Canadian Solar, pv power plants, pv modules, South america, auctions, policy and regulation, tenders, Colombia, Iván Duque
Colombia's PV project pipe reaches 8.8 GW
Colombia's Mining and Energy Planning Unit (UPME) has released in-depth information on projects under development of sustainable sources in Colombia as of July 31 of this year. According to the government agency, there are presently 385 projects completing 15 GW at various stages of advancement, consisting of 4 biomass, 17 wind, 93 hydro, 271 solar and also 7 thermal. The 271 photovoltaic projects presently being prepared, developed or integrated in the nation have a combined capability of 8,855 MW. Of those, 54 were launched in 2018, 159 last year as well as 58 up until now in 2020. By power range, 99 projects are less than 1 MW; 69 are in between 1 and also 10 MW; 41 between 10 as well as 20 MW; 10 in between 20 as well as 50 MW; 26 in between 50 and also 100 MW; and also 26 are greater than 100 MW. The largest variety of projects, 39, is concentrated in the department of Valle, adhered to by Santander, with 23. The Ministry of Mines as well as Energy announced this week that from 2018 to 2022, Colombia will certainly enhance its installed solar and also wind capability 50 times: the nation will go from having less than 50 MW in 2018 to more than 2,500 MW in 2022.
Aug 11, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, South america, Colombia, upme
Colombia awards 1.3GW of solar and wind in ‘historic’ first auction
Colombia's national mining and energy planning unit (UPME) has awarded 1.3GW of solar and winds contracts in what the Energy Ministry has called "a historic
Oct 23, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, South america, auction, Colombia, upme, wind, María Fernanda Suárez
Cubico, Celsia team up to bring large-scale PV boost to Colombia
Colombia’s still-dormant solar scene is poised for a major boost under a new partnership, bringing together a European and a Latin American player. Cubico Sustainable Investments and Celsia this week unveiled plans to deploy a 400MW PV pipeline nation-wide, a significant push for a country where installed capacity sat in the double-digit-megawatt region last year. In a statement, the duo said the 400MW portfolio will be developed over the next two years. According to them, it will mark the Colombian debut for London-headquartered Cubico, which has now added a Bogotá office to existing bases in Europe, Oceania, the US, Brazil, Mexico and others. Contacted by PV Tech, Cubico said the 400MW pipeline comprises ground-mounted projects at various stages, with all “certain” to be ready-to-build soon. The plan is to deploy PV plants of “all sizes”, starting with an initial pipeline of five to 10 projects, the investor added. According to the firm, both Cubico and Celsia will be “partners at all levels” and wholly finance the 400MW portfolio by themselves, with equity funding set to reach “at least” US$100 million. Construction will be taken care of by an external EPC contractor, Cubico told this publication. For Cubico – which draws funds from Canadian pension groups OTPP and PSP to invest in global renewable plays – the Colombian move follows the completion of 350MWp Soles in Mexico, one of the top solar winners years ago of the country’s now-paralysed auction programme. Colombia plays PV catch-up as it vows to lead Latin American push The new partnership is the latest utility-scale PV proposition to see the light in Colombia this year, heralding a major solar boost for a country that was home to a 84MW market in 2018 where Brazil hosted 2.29GW and Mexico boasted 2.54GW. So far in 2019, the Andean state has marked the operational launch of its largest PV plant to date – Enel’s 86.2MW El Paso – and the proposal of even bulkier successors, including Diverxia’s 240MWp Atlántico Photovoltaic and a 100.5MW project in the country’s northeast. One of the two proponents of the new 400MW pipeline, Celsia styles itself as the developer of Colombia's first large-scale plants, twin 9.9MW arrays in Cali and Cartagena. A third 9.9MW PV project is understood to be under construction, followed by a further two developments. A PV Tech Power feature explored this year Colombia’s quest to kickstart renewable growth, a push meant to diversify a hydro-reliant, drought-vulnerable energy mix. As recently reported, current president Iván Duque is keen for the country to lead a Latin American clean energy push. The country stands now only days from its first ever large-scale renewable auction. Acciona, Canadian Solar, EDF, Enel Green Power and Trina Solar have all put projects forward for the delayed tender, which will match developers with buyers for 15-year contracts. Colombia is also thought to hold significant potential on the small-scale PV end. As Celsia explained to PV Tech earlier this year, the firm is amongst those with ambitions in the segment, with plans to deploy a 100MW small-scale portfolio of rooftop arrays and others.
Oct 10, 2019 // Plants, Large-Scale, Commercial, USA, Canadian Solar, EDF, South america, Europe, Brazil, Oceania, enel green power, Trina Solar, Mexico, North America, cubico, large-scale pv, Acciona, Colombia, celsia, pension fund
Colombia imposes renewables quota on power distributors
set to procure large scale solar and wind power generation capacity, the Colombian government has moved to introduce an obligation for power distributors to
Sep 16, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Carolina Obando, SER Colombia, Colombia
Colombia's Celsia finishes 10-MW PV plant in Tolima
while the staying power will certainly be fed directly right into the Colombian grid. With this brand-new addition, Celsia gets to 54.43 MW of PV generation
Dec 10, 2020 // Plants, Large-Scale, Commercial, South america, Colombia, celsia, PV Power Plant, Named El Espinal
Colombia enlists ports in pursuit to furnish sustainable public auction victors
firms wanting to source elements at the time of COVID-19. In a new statement, Colombia's Energy Ministry stated it really hopes the "extraordinary" procedure will
Jun 1, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, America, South america, Latin america, Colombia, upme, Coronavirus, covid-19, renewable auctions, tenders and auctions
Colombia prepares 2021 renewables auction to become 'leader in Latin America's power shift'
than 20 times," he added. The renewables auction, which will certainly be Colombia's third, will be for projects that are set to be operational by December 2022.
Nov 11, 2020 // Plants, Markets & Finance News, UTILITY-SCALE SOLAR, South america, Latin america, auctions, auction, tenders, Colombia, Iván Duque, upme
Trina the only solar winner in Colombian energy auction
maker Trina Solar secured all three successful solar power projects awarded in Colombia’s renewable energy auction on Monday. The National Mining and Energy
Oct 25, 2019 // Manufacturing News, Markets & Finance News, South america, auction, Trina, Colombia
AES authorizes 'biggest resources raising' to day for 1.6 GW LatAm renewables press
to back the setup of 1.6 GW of solar as well as wind in Chile as well as Colombia. At general financial investments of US$ 1.8 billion, moneying for the
Apr 21, 2020 // Markets & Finance News, Chile, solar pv, South america, Latin america, AES Gener, Colombia, lsdigital, capital raise, Ricardo Manuel Falú
Invenergy joins local utility EPM to bring major boost to Colombian renewables
Invenergy has signed a deal with a utility from Medellín, Colombia’s second city, to together develop “at least” 400MW of solar
Nov 28, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, pv power plants, solar pv, South america, Latin america, Invenergy, North America, Colombia, large-scale solar, EPM, medellin
Colombian renewables auction attracts 53 bids from 27 companies
Colombia’s National Mining and Energy Planning Unit has announced 27 companies are interested in participating in the pending auction for large-scale solar and wind projects. The exercise will be held by the end of next month. The list of bidders includes Spain’s Acciona, Solarpack and Cobra, Chinese manufacturers Trina Solar and Canadian Solar, France’s EDF and Greenyellow and Italy’s Enel, as well as several special purpose vehicles. The mining and energy department said 26 power distributors will participating in the auction as buyers, including Colombian renewable energy company Celsia, state-owned oil business Empresa Colombiana de Petróleos (Ecopetrol) and Enertotal. Projects selected in the auction will be entitled to a 15-year power purchase agreement (PPA) and generation assets must come into operation by January 1, 2022. Contracts will be linked to the Colombian peso and updated based on a Producer Price Index certified by Colombia’s National Administrative Department of Statistics. Projects qualified for exercise In a previous, failed attempt to hold the auction in February, 12-year PPAs were offered. No projects were assigned because the offers received did not meet criteria set for ensuring market competition. That exercise saw 15 companies submit bids for 22 projects: 17 of them solar plus four wind projects and a biomass facility. In mid-July, the mining and energy unit revealed it had approved 90 renewables projects with a generation capacity of 6.27 GW over the past years. The agency said 70 of the projects – with a total capacity of 4,353 MW – were for solar parks. Around 800 MW of these projects were approved in Colombia from June to August. The 700 MW Sebastosol facility approved at the end of May is the largest to have been green-lit in the country. The developer is Sebastosol SAS ESP, and the project would be carried out at the Sebastopol refinery in Cimitarra that belongs to Ecopetrol. The oil company last year announced plans to install PV at its facilities, starting with a 20 MW plant for the Castilla oil field, the second largest in Colombia.
Sep 9, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Canadian Solar, EDF, Enel, Trina, Acciona, Solarpack, National Mining and Energy Planning Unit