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www.vectorcuatrogroup.com
Adio Stefoni
Business Development
Manager
South America
Ta b l e o f C o n t e n t s
3. Upcoming Opportunities
1 Energy Market
Development
Energy Market Development
Colombia adopted the law nº 1715, which establishes the legal and
2014 regulatory framework for investment in development of renewables; providing
tax, accounting and import incentives.
Colombian government enacted the decree 0570, allowing solar and wind
power plants to have long term purchase agreements.
2018
The Ministry of Mines and Energy of Colombia published the call for the first
auction for large-scale renewable energy projects.
2 Challenges in the
PV Market
Challenges in the PV Market
The five largest generators have more than 70% of the market.
Oligopoly Foreign investor must face the challenge of a market ruled by a few with
slow regulatory changes.
Challenges in the PV Market
The transmission grid doesn’t reach the area with the highest wind and
Transmission solar resource in Colombia (the Guajira Peninsula).
Grid There are plans to expand the grid to that location by 2023.
3 Upcoming
Opportunities
Upcoming Opportunities
1 GW Auction in 2019
• The government will select solar, wind and biomass projects with a capacity of
more than 10 MW.
• Winners have to deliver the power as from December 2022, and must guarantee
an annual energy supply.
Distributed Generation
Adio Stefoni
Business Development Manager
South America
astefoni@vectorcuatrogroup.com