Colombia E2 program

Renewables    Jun 10, 2019 12:14 PM

Colombian authorities are committed to diversifying the energy matrix and they are working to promote new renewable energy projects around the country. The Ministry of Commerce, Industry and Tourism (MinComercio) spoke about a new program to encourage these projects.

According to El Espectador, MinComercio opened the call to participate in the Colombia E2 program. The government plans to co-finance five projects by companies or joint-ventures that present alternatives to generate renewable energy in the country.

One of the main goals is to benefit 100 vulnerable families in the department of La Guajira.

Companies must be legally constituted in Colombia, propose a sustainable self-generation energy solution and demonstrate a financing capacity of at least 10% of the project value.

The chosen projects will initiate a process of escalation and business strengthening for six months, with technical advice on key issues. After that period, a panel of international experts will select the most innovative and sustainable idea, which will receive CoP$1B for its development.

This program is part of the MiLab public innovation laboratory, in which MinComercio and the Ministry of Mines and Energy (MinMinas) participate. The call will be open until July 31 on the website of Innpulsa Colombia.

Ignacio Gaitán, President of Innpulsa Colombia, commented that this is the first initiative to strengthen renewable energies in the country with a social focus.

“Through innovation, we seek to scale up the companies in this industry, so that they can solve social problems of electrical connection and contribute to improving the quality of life of vulnerable families in La Guajira,” highlighted Gaitán.

Bottom-Line: These initiatives will be key to find economical and efficient ways to implement renewable energies in Colombia, benefiting vulnerable families at the same time.

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