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.

Helios Tolima & Meta

Located in Department of Tolima and Meta
5 x 19.9MWAC Solar for a total of 100MWAC
Interconnection studies in progress RTB target October 2023, COD Target
December 2024 USD$2M budget to RTB

San Marcos

Located in Valle Del Cauca
300MWAC Solar PV
Pending UPME interconnection approva
l RTB target July 2023, COD target December 2024
USD$3.8M budget to RTB

Amon H2

Located in La Guijara
Production of hydrogen for export
Installed capacity of 500MWAC
Pre-feasibility studies have been completed
COD target December 2025 - 2026
USD $350K budget

Atlantic

Located in Atlántico
99MWAC Wind
Pending UPME and working on pre-feasibility studies
RTB target December 2023, COD target December 2025
USD$2.6M budget to RTB

Turpiales

Located in Cesar and Norte de Santander
280MWAC Solar PV
Pending UPME interconnection approval
RTB target July 2023, COD target December 2024
USD$3.6M budget to RTB

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.

San Martin

Located in Cesar
300MWAC Solar PV
Need to submit study to UPME in Q1 2022
RTB target October 2023, COD target December 2024
USD$2M budget to RTB

Perales + Azucenos

Located in Cesar and Norte de Santander
200MWAC Solar PV + 100MWAC
Need to submit study to UPME in Q1 2022
RTB target October 2023, COD target December 2024

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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