Does Colombia have a good energy source?

Colombia has a rich endowment of energy sources and the country is heavily reliant on installed hydropower (65 per cent of annual consumption), which provides cost effective electricity. However, Colombia has strong potential for non-conventional sources of energy generation, particularly solar, wind and biomass.

Where does Colombia's energy come from?

The majority share of renewable energy is expected to come through solar energy resources due to the high solar energy potential of the country, as it is located near the equator. Recently, hydropower has been the dominant source in Colombia's energy generation mix, accounting for over 70% of the total share.

What is the solar PV installed capacity in Colombia?

The solar PV installed capacity in the country has increased significantly in recent years. According to the International Renewable Energy Agency 2024, the installed solar PV capacity grew by more than twofold. The installed solar PV capacity in Colombia reached 676 MW in 2023.

How much solar power does Colombia have in 2024?

In February 2024, the Government of Colombia announced that it had awarded 4.4 GW of solar PV capacity, which accounted for 99% of all renewable generation capacity offered in its latest auction.

What is Colombia's energy mix?

Recently, hydropower has been the dominant source in Colombia's energy generation mix, accounting for over 70% of the total share. Additionally, the country has a significant proportion of gas power generation, representing approximately 11% of the overall energy mix.

What is solar energy & why is it important?

Solar energy refers to the radiant light and heat emitted by the Sun, which can be harnessed and converted into usable forms of energy. It is a renewable and sustainable source of power that does not produce greenhouse gas emissions or contribute to air pollution.