Colombia advances renewable energy expansion plans

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Friday, January 12, 2018

Colombia's mines and energy ministry has published a draft decree outlining policy guidelines for power generation projects that use non-conventional renewable (NCRE) sources.

The document is available for public consultation until January 26, according to the ministry.

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NCRE sources such as wind, solar, biomass and small hydropower make up just 3% of Colombia's 16.5GW installed capacity, according to government figures.

Colombia's energy mix is dominated by hydropower and coal-fired plants, which together comprise around 95% of installed capacity.

The government has been working to promote private sector investment in renewables since passing a law in 2014 that granted tax breaks and promoted growth in distributed generation.

In November, energy and gas regulator Creg said the country's first NCRE supply auction for utility-scale projects would be held in the first half of 2018.

Also read: Colombia's top 5 solar projects