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.
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.
The Colombian authorities have allocated 4.4 GW of solar capacity at a rate of $0.0182/kWh in the nation’s latest energy auction, with solar plants accounting for approximately 99% of the assigned capacity.
The final average price for the PV technology was significantly higher than that of the previous procurement exercise. The 61 MW solar facility is owned by Colombian oil company Ecopetrol.
Our solar power systems and energy storage products are engineered for reliability, safety, and efficient deployment. All systems include comprehensive monitoring and control systems with remote management capabilities.
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