Regulation & Policy Jun 21, 2021 4:42 PM
Colombian President Iván Duque Márquez spoke about the country’s plans for hydrogen.
Duque said that the country has advanced with other sources of energy generation such as hydrogen, catalogued as the fuel of the future by the International Energy Agency (IEA), Valora Analitik reported.
“With the support of the Inter-American Development Bank we will present a roadmap to position Colombia in the production of green and blue hydrogen with an export orientation for the next 30 years,” Duque highlighted.
Duque said that the country has achieved a competitive, efficient and resilient energy system. He said that 2020 was the year of the largest incorporation of solar energy in the country.
“We are also ranked 25th in the World Economic Forum’s Energy Transition Index, after climbing nine places as one of the countries with the greatest progress towards energy transformation,” said Duque.
The President recalled that Colombia has 53 projects, including 13 large solar projects.
Duque said that the government’s commitment is to increase the participation of unconventional renewable sources in the energy matrix.
“We are already approaching a little more than 10% in less than two years and we will be reaching more than 14% in August 2022,” Duque said.
Duque added that conditions are ready for energy generators to participate in the third auction of long-term contracts in the country.
Bottom-Line: Undoubtedly, President Duque demonstrated with actions his commitment to the country’s energy transformation.
The sector has advanced and grown in the last two years thanks to government policies and incentives.
Authorities must leave a solid legal basis to continue with this step in the medium and long term.