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Premium Content Colombia Is Betting Big On Wind And Solar By Tatiana Serova - Jan 18, 2021, 2:00 PM CST 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.

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