Colombia issues proposal for terms, date of 2nd renewables auction

Wind turbines. Author: David Huang. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.

May 24 (Renewables Now) - The Colombian energy ministry has recently launched a call for public feedback on two proposals that establish conditions and the possible date of the country’s second renewable energy auction.

According to one of the resolutions, Colombia's national mining and energy planning unit UPME is to organise the auction, in which 12-year contracts will be awarded, by September 30, 2019, at the latest. Unlike the previous round, which failed to award the annual supply of 1.183 TWh, the second auction does not have target volumes. Stakeholders have until May 28 to send their comments.

The second resolution, also published in the past week, contains a novelty in that the bidders must present their sale and purchase offers in intraday blocks instead of annual terms. Blocks are specified as periods during the day between 00:01 am and 07:00 am, 07:01 am and 05:00 pm, and 05:01 pm and midnight sharp.

In order to compete, power generation projects must become operational after they are awarded a contract in the auction. Eligible projects must have a capacity equal to or greater than 20 MW. Projects between 5 MW and 20 MW can also compete but must declare that they are covered, for the duration of the contract, by the centralised dispatch system. The public consultation period for that resolution ends on May 27.

More stories to explore
Share this story
About the author

Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription