Energy Transformation in Latam & The Caribbean

Colombian Energy Outlook

The Colombian energy market  is a great opportunity given taxational advantages for renewable energy projects, increasing demand for energy and a friendly business environment.  
The Colombian administration has implemented a 34% Income Tax Exemption and a Special income Tax Deduction of 50% on total investment value.
The administration mandated that at least 10% of all energy production should come from renewable sources by 2030.
There is a power shortage around ~2,400MW due to the“Project Hidroituango” delay.
The generation of Solar and Wind energy will add over20,240MW equivalent to more than 30% of the energy produced by 2034
Competitive wholesale electrical market including PPA and spot market.

Project Pipeline

The Colombian energy market  is a great opportunity given taxational advantages for renewable energy projects, increasing demand for energy and a friendly business environment.  

Phase 1 (780MWAC + H2 Project)

Project Summary

Colombia’s largest independently originated project portfolio, representing ~20% of the local renewable energy requirements for the in the next 7 years.

Our Phase 1 pipeline provides access to over 1GW of renewable energy  projects across 1,000+ hectares of land.

Phase2 (600MWAC)

Timeline

2021
2022

Milestone:

Interconnection studies submitted to UPME for Perales + Azucenos and San Martin.

Milestone:

Approval received from UPME for Perales + Azucenos and San Martin.

2023

Milestone:

Receive project financing bonds for Perales + Azucenos and San Martin

Milestone:

RTB for Perales + Azucenos and San Martin.

2024

Milestone:

COD for Perales + Azucenos and San Martin.

2025

Phase 2 (600MWAC)

Project Summary

Our Phase 2 pipeline provides access to another 600MWAC of renewable energy  projects across 1,000+ hectares of land.

Fossil Fuels Social Shift

Social pressure and market perception are becoming renewable energy’s adoption catalysts, driving major oil producers and fossil fuels reliant industry players to cleaner energy sources.
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