Renewable energy auctions in Colombia were designed to complement the country’s electricity market mechanisms, which were insufficient to attract non-hydro renewable energy development on a large scale. They now provide Colombia with opportunities to diversify power supply and increase the resilience of the power sector, while also fostering investor confidence.

This report by the International Renewable Energy Agency (IRENA) and the United States Agency for International Development (USAID) analyses the changes in design between the two auctions, as well as their price outcomes and the factors affecting those prices.

Check out the full report by clicking here