Solar market Colombia

How much solar power does Colombia need?

ranging from 3700 to 4578 MW of wind power and 1963 to 4662 MW of solar power. The 2019–2023 Electric Coverage Expansion Plan estimates that the investments needed to achieve universal access to electricity in Colombia include COP 3.2 trillion (about USD 665 million) in solar home systems.

How can wind and solar energy be used in Colombia?

The expected large deployment of wind and solar resources in Colombia can be used to leverage creation of local employment, gender equality and benefits to local communities and Indigenous peoples. This will require strengthened policy frameworks to avoid negative efects on these areas.

Will solar and wind power increase in Colombia in 2022?

Colombia has world-class wind and solar energy potential and recent regulatory updates have enacted a robust framework of incentives. However, as of 2022, solar and wind have an operating installed capacity of just about 1.5% of the capacity mix. The next five years could see a sharp increase in solar and wind capacity.

Is renewable electricity legal in Colombia?

While the legal framework for renewable electricity in Colombia is nearly 30 years old, provided by the 1994 Electricity Law (Law 143) and Public Utilities Law (Law 142), the first legislation to include specific regulation and incentives for renewables was Law 1715 of 2014, updated by the Energy Transition Law (Law 2099 of 2021).

How many MW of solar power is there in 2022?

However, this potential has remained to a large extent untapped: the country’s operating installed capacity for solar in 2022 was 290 MW and for wind 18.4 MW representing 1.5% and 0.1% of the capacity mix, respectively.