Renewable energies will generate more than 1,000MW

Regulation & Policy, Renewables    Jun 21, 2021 4:54 PM

The government talked about the installed capacity of renewable energies for the short term.

Authorities estimate that renewable energies will generate 1,000MW by the end of this year, La Republica reported.

The government’s goal is to reach an installed capacity of 2,500 MW in unconventional renewable energy projects by 2022.

MinEnergia Diego Mesa said that the energy transition counts on projects such as the 10 solar and self-generation farms that are already in operation or are about to be built.

The share of renewable sources in the energy matrix will increase to 14% in the next 18 months.

The installed capacity of renewable energy projects increased seven times in the last two years, from 28.2MW in 2018 to 224.47MW in 1H21.

Germán Corredor, Executive Director of SER Colombia, said that unconventional sources will strengthen the energy matrix. However, not all of these technologies are at the same level of development and, therefore, are not equally competitive.

Corredor highlighted that solar photovoltaic and onshore wind energy are the sources that have generated the most cost optimization in Colombia during the last 10 years.

“The call is for the regulator to be a bit proactive in generating adequate remuneration mechanisms for these services, to sustain the stability of the system,” Isagen’s Camilo Marulanda said.

Bottom-Line: The government has done an excellent job promoting renewable energies in the country. The challenge now is to accompany the development of the projects and prevent them from having setbacks in legal, social and security terms.

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