The country is working to promote new renewable sources that can also contribute energy to the system.
The Ministry of Mines and Energy (MinEnergia) seeks to boost unconventional renewable sources in the country with three geothermal and one biomass pilot projects, Portafolio reported.
“We have to leverage the different alternatives that natural resources give us to generate clean energy. We are confident that this will allow us to strengthen the matrix, provide energy security and reliability and support the country’s economic reactivation,” SER Colombia’s Germán Corredor said.
Ecopetrol (NYSE: EC) and Parex (TSX: PXT) are developing the three geothermal projects in the Llanos region.
The NOC is developing the Chichimene pilot, in the municipality of Acacías (Meta). Its installed capacity is 2 megawatts (MW), and it will be able to generate 38,400 kilowatt hours per day (kWh/d), equivalent to the consumption of 6,659 homes.
Parex is developing the pilots of La Rumba, in the municipality of Aguazul, and Maracas in San Luis de Palenque, both in the department of Casanare.
In the first pilot, the infrastructure has an installed capacity of 0.035MW, and a generation of 672kWh/d, which covers the electricity demand of 117 homes.
The oil company seeks to leverage the high temperatures and volumes of water produced in the extraction of hydrocarbons with the Maracas project.
The pilot will produce approximately 100kW of effective power. The system will be able to generate 72,000kWh/d, equivalent to the energy consumed by 480 families in a month.
The other bet is the biomass plant, located in Puerto Carreño (Vichada), a complex that, as of December 2020, will cover 80% of the energy required by 18,000 inhabitants of the region.
The initiative, developed in association with the companies Electrovichada and Refoenergy, seeks to provide electricity to this portion of the population for the next 20 years.
“This is a 100% private investment project, with the highest standards of quality and technology. The project will not generate a rate increase for users,” Refoenergy’s Javier Fuentes said.
The short-term goal is to generate electricity from forest biomass in a plant with an installed capacity of 4.5MW.
Bottom-Line: Colombia has a great potential for unconventional renewable energy generation and these first projects will be fundamental to attract the interest of new investors.
The oil sector demonstrates that it is an ally in the energy transformation process in Colombia.