This brief “Renewable Energy Investments In Colombia” is prepared by Peña Mancero Abogados. Recently, the Colombian government has shown special interest in the development of green hydrogen, geothermal and offshore wind projects. The location in the centre of the Americas is one of the main advantages for companies when investing in Colombia. The country has strategic access to the entire continent from the Pacific and the Atlantic with a great port infrastructure. There are logistical advantages both in connection times and connectivity, offering a large number of routes from the El Dorado Airport in Bogota, ranked as one of the best in South America.
Colombia is very special because it has relevant renewable resources: wind (the Guajira region has double the world average in wind speed onshore and even more offshore), as well as solar. It has developed a strong regulatory framework to foster the development of self-generation and distributed generation thus expanding the grid capacity, in particular, in places where connection is weak or non-existent, the Colombia electric regulation imposes an 8% to 10% mandatory energy purchase of non-hydro renewables for retailers and distributors, starting in 2022.
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