What is Colombia's energy transition process?

Colombia’s energy transition process is underway. Former President Ivan Duque set a goal to increase non-conventional renewable energy installed capacity from one percent to more than 12 percent of the energy matrix by 2022.

Does Colombia have solar power?

In the first renewable energy auction for the country, over 1 GW of wind power was awarded in 2019 for a 15-year power purchase agreement from 2022. Colombia has significant solar power resources because of its location in the equatorial zone, but the country sits in a complex region of the Andes where climatic conditions vary.

Is Colombia a leader in sustainable mobility?

Colombia is also positioning itself to be a leader in sustainable mobility for the next decade. The country approved the first program for 20 percent biodiesel blends. After the approval of Law 1715 in 2014, the government maintained its efforts to promote private ventures in large scale, renewable energy projects.

How much electricity does Colombia produce?

Colombia’s installed electric power generation capacity currently stands at 17,771 MW, with hydro accounting for 68 percent, gas and coal-fired power plants accounting for 31 percent, and the remaining one percent from wind and solar units. The country’s energy matrix is clean but highly dependent on climatic conditions to generate hydro power.

What is Colombia's Biomass power potential?

Colombia has a great biomass power potential from agricultural residues (banana, coffee pulp, and animal waste). Its annual biomass power potential is estimated to be over 16 GWh, which is still less than 0.1% of current electricity production. The potential is distributed as follows:

How much wind power does Colombia have?

Colombia has an estimated theoretical wind power potential of 21 GW just in the Guajira Department —enough to generate sufficient power to meet the national demand almost twice over. However, the country only has an installed capacity of 19.5 MW of wind energy, tapping only 0.4% of its theoretical wind potential.