MinEnergia interview

Energy, Regulation & Policy    Oct 5, 2021 5:15 PM

The Minister of Mines and Energy (MinEnergia), Diego Mesa, spoke about hydrogen, energy transition, prior consultations, and other relevant topics.

Mesa told La Republica that the implementation of hydrogen will create 15,000 jobs.

“The roadmap to turn Colombia into a world producer of blue and green hydrogen was presented. We have massively accelerated the incorporation of unconventional renewable energy sources,” Mesa highlighted.

He said that the goal is to have between one and three GW of electrolysis by 2030; and the country can produce up to 50 kilotons of blue hydrogen from natural gas and coal.

“We are going to generate between US$2.5B and US$5.5B of investment and more than 15,000 jobs,” Mesa said.

The expert said that the government wants the energy transition to become state policy.

“We have managed to get the entire regulatory and fiscal framework into law. It also adds new sources, such as geothermal, offshore wind and large-scale energy storage,” Mesa said.

Mesa said that the entity has done a strong work in La Guajira on the issue of prior consultations.

“We have dedicated working groups and we have to continue working so that through dialogue we can reach agreements,” Mesa said.

The expert recalled that the goal is to multiply by 20 times the 2018 installed capacity with renewable energy by 2021.

“We expect the entry of seven more solar projects, such as ‘El Paso’ solar farm in Cesar (50MW capacity), and another in Meta with 61MW. By the end of the government, we have the goal of closing with 1,600MW of capacity and 900 more under construction before the end of 2022,” Mesa said.

MinEnergia highlighted that the government will leave ready the regulatory framework for the operation of offshore wind energy.

“In Guajira alone there could be between 12GW and 37GW of installed capacity, equivalent to double what there is in conventional and unconventional energy,” Mesa said.

Bottom-Line: The government has done an excellent job in promoting new energy sources and is leaving a solid regulatory framework, generating positive expectations for the long term.

However, the pending issue is prior consultations and environmental licensing, as these are delaying the development of projects too much. The government must do more to improve on these two key issues to continue driving the energy transition.

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