The Colombian Ministry of Mines and Energy has launched the country's first long-term renewable energy auction. The auction will seek to award 1,183 GWh/year of long-term annual average energy contracts of 12 years.
A total of 585 projects are currently registered with the mining and energy planning unit (UPME) and are eligible to compete in the auction, of which 378 solar PV projects (273 below 1 MW), 139 hydropower projects (of which 60 rated between 1 and 10 MW and 45 between 10 and 20 MW), 16 wind projects, 24 biomass-fired projects and 28 thermal power projects. Among the companies involved are Celsia, Isagen, Enel, Ingenostrum and Diverxia Infrastructure. The projects shall be commissioned before 1 December 2021.
The auction fits into the government's plan to source 1.5 GW of renewable energy by 2022. Under its Ideario Energetico 2050 policy issued in 2015, the government aims to reach at least 474 MW of wind energy capacity addition, 143 MW of solar, 275 MW of geothermal and 314 MW of cogeneration with biomass (a total of 1,207 MW in renewable energy capacity addition by 2028).
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