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Colombia Is Betting Big On Wind And Solar For Colombia, 2021 is starting with the promise of a boom in renewable energy generation. On January 14th, the Ministry of Finance announced the offering of its first green bonds next July, aimed at funding environmental projects, notably renewable energy plants. A new round of auction allocating 5 GW of wind and solar capacity for long-term PPAs is also slated for 2021. And although renewable energy sources (excluding hydropower) currently represent only 1% of the country’s electricity mix, Ivan Duque s government is determined to make them the next energy frontier for the country. Fossil fuels and hydropower have historically been the cornerstones of the Colombian energy landscape. Yet, several trends suggest that it might be time for a change. The oil sector has been a key driver for the Colombian economy, with a share amounting to over 40% in the primary energy supply. However, due to rampant corruption and civil unrest w

La guajiraNemesio roysSebastian pineraTatiana serovaIvan duqueEl pasoRenewables lawNational interconnected systemFund for nonNational energy planColombian ministry of energyNational development planMinistry of energyFor colombiaSan carlosColombian ministry