Colombia’s plan to boost renewable energies

Regulation & Policy    Jun 1, 2021 3:54 PM

The Minister of Mines and Energy (MinEnergia), Diego Mesa, spoke about the entity’s priorities to boost renewable energies.

One of the priorities is to proceed with a second auction of long-term energy contracts, Valora Analitik reported.

Mesa said that the entity has already defined the rules for this auction and the idea is to hold it in the last quarter of this year.

Sustainable mobility is another bet through electric vehicles and natural gas vehicles and the country is advancing on this issue satisfactorily, according to Mesa.

The expert said that the government is working on other additional sources such as hydrogen.

“We can also combine the wealth we have in the country in terms of thermal migration with minimal impact technologies to generate blue hydrogen and make it more competitive in the electricity and energy market,” Mesa highlighted.

Mesa said that the government is working on establishing the regulatory framework for geothermal generation.

The entity is managing, with international technical assistance, the regulatory framework for offshore wind generation.

“We are betting on the diversification of generation sources, but we are also betting on having reliable energy using resources such as natural gas and coal, which have been traditional in the country and have proven to be able to give that firmness to electricity generation in the most difficult times we have had due to water level issues,” Mesa concluded.

Bottom-Line: The government has done a good job to promote new generation sources in the country and diversify the energy matrix.

However, authorities must make a better effort on the social side, as transmission capacity shortfalls are affecting investors’ interest in Colombia.

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