Experts talk energy transition

Regulation & Policy, Renewables    May 25, 2021 5:13 PM

ANDI organized the forum ‘Accelerating the Energy Transition’ with the participation of experts from the sector.

At the event, it was recalled that the Ministry of Mines and Energy (MinEnergia) plans for unconventional renewable energies to reach 25% participation in the energy matrix in 2030, La Republica reported.

Guilherme de Mendonca, CEO of Siemens Energy, said that green hydrogen is the next frontier of the energy transition.

“To achieve zero emissions in 2050, we need to massively implement storage on a large scale,” Mendonca said.

The expert acknowledged that this is an expensive technology at present, but this will get cheaper over time and the cost today should not stop investments in this alternative.

TEBSA’s Luis Miguel Fernández said that there are warning signs due to delays in the entry of new projects.

“This could affect firms’ power to meet demand,” Fernandez said.

Fernandez said that thermal plants are not only important to supply in the event of adeverse climatic conditions but also for the daily operation of the system.

Federico Echavarría, President of AES Colombia, said that the transition commitment is on the part of the government, but companies also have a relevant role in this process.

“We have seen that companies start to have carbon neutrality challenges, but they can go further,” Echavarria said.

GEB’s Juan Ortega said that the transition cannot be done without transmission systems.

“Bringing unconventional renewables requires taking energy from where it is produced to where the demand is,” Ortega explained.

Bottom-Line: The energy transition represents enormous challenges for the country, authorities, and the economic sector.

This should be a gradual and organized process with a solid regulatory framework to promote more projects around the country.

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