Colombia receives proposals for 1.5 GW in 1st renewables auction

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

February 4 (Renewables Now) - Colombia's Ministry of Mines and Energy unveiled on Friday that companies have made proposals for renewable energy projects totalling 1,500 MW to participate in the first such auction that will be held on February 26, 2019.

A total of 27 companies have expressed their interest in participating, including 15 that have presented 22 projects for the generation and sale of electricity. Solar power will be produced by 17 of the proposed plants, while four projects involve wind power generation. One of the proposals is for a biomass plant.

Meanwhile, there are 12 companies interested in the purchase and subsequent distribution and commercialisation of clean energy.

With this tender, the government's goal is to reach its first 500 MW of installed capacity with renewable sources, the Minister of Mines and Energy, Maria Fernanda Suarez, stated.

As established in the auction's guidelines, Colombia's national mining and energy planning unit UPME will announced on February 20 which projects meet the technical, financial and legal requirements for the tender.

This energy tender will award 12-year supply contracts for the winners, as the country is looking to fill an annual supply of 1.183 TWh, the ministry noted.

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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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