Colombia awards 800MW of solar in third renewables auction

Facebook
Twitter
LinkedIn
Reddit
Email
The winning projects will be backed by 15-year PPAs. Image: CNW Group/Khiron Life Sciences Corp.

Colombia has awarded contracts to 11 solar PV projects with a combined capacity of 796.3MW in its third renewable energy auction.

The winning projects are backed by 15-year power purchase agreements (PPAs) and are required to be operational from January 2023.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Average winning bids in the auction yesterday (26 October) were COP155.8/kWh (US$0.0414/kWh), according to Colombia’s Ministry of Mines and Energy, which said the 11 PV plants will support 4,800 jobs across the country.

“The success of this new auction shows that the energy transition in Colombia is a reality,” said Minister of Mines and Energy Diego Mesa.

Around 1,365MW of solar and wind projects that were awarded contracts in a 2019 auction are now said to be under construction across Colombia.

The clean energy ramp-up comes as Colombia aims to reduce its greenhouse gas emissions by 51% by 2030. Mesa said earlier this year that the country will have more than 2.8GW of deployed renewables by the end of 2022.

Read Next

August 8, 2025
Argentinian renewables developer Genneia has reached commercial operations at its 180MW Parque Solar Anchoris in Argentina.
August 6, 2025
Independent power producer (IPP) Scatec has secured BRL150 million (US$27 million) for its 142MW solar PV plant in Minas Gerais, Brazil. 
July 28, 2025
Solar developer Atlas Renewable Energy has secured BRL1 billion (US$179 million) in financing for a 579MW Brazilian solar PV complex.
July 23, 2025
Spanish renewables developer Acciona Energía has powered a 162.6MWp solar PV plant in the Dominican Republic.
July 23, 2025
Norwegian IPP Scatec has been selected for an 846MW solar cluster in the latest REIPPPP tender from South Africa.
July 21, 2025
Spanish renewables developer Acciona Energía has started construction at a 177.9MWp solar PV plant in Peru.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines