Colombia allocates 5.77 GW of solar power in renewable energy auction



Colombian authorities awarded 7.49 GW of renewable energy projects in the country’s latest procurement.

Colombia’s National Mining and Energy Planning Unit (UPME) has announced the results of its renewable energy procurement auction. It has determined the renewable energy capacity to be 7,493 MW through the procurement procedure.

A total of 5,774 MW is distributed among 147 solar projects. UPME did not reveal more detailed information about the projects or the final auction prices.

Projects of up to 5 MW could participate in procurement projects. Selected developers will be granted 15-year power purchase agreements.

In the country’s first renewable energy auction, which ended in October 2019, UPME allocated 2.2 GW of solar and wind capacity. The final average price was 95 COP/kWh ($0.020), while the highest bid was only 110 COP.

David is a passionate writer and researcher who specializes in solar energy. He has a strong background in engineering and environmental science, which gives him a deep understanding of the science behind solar power and its benefits. David writes about the latest developments in solar technology and provides practical advice for homeowners and businesses who are interested in switching to solar.

Read More

Related Articles


Please enter your comment!
Please enter your name here