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Colombia plans 1-GW renewables auction in Jan 2019

Image by: Green Energy Markets (www.greenmarkets.com.au).

August 3 (Renewables Now) - The Colombian Ministry of Mines and Energy announced on Thursday that it will hold its first large-scale renewable energy auction in January 2019, looking to secure 1 GW of installed capacity.

The tender will offer 10-year power purchase agreements (PPAs). Selected projects will have to commence delivering power as from December 2022, with the total contracted power production amounting to approximately 3,443 GWh per year, the Colombian government said in its statement.

Through this auction, "the country will continue advancing in the fulfillment of its COP21 commitments and its sustainable development targets which will guarantee energy sustainability in the medium and long term,” the Minister of Mines and Energy, German Arce Zapata said.

Further details on the bidding process can be viewed here and here.

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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