Invenergy joins local utility EPM to bring major boost to Colombian renewables

Facebook
Twitter
LinkedIn
Reddit
Email
Energy minister María Fernanda Suárez (centre) attended the sealing of the Invenergy-EPM alliance. Image credit: EPM

A major US renewable group and a local utility have teamed up to deploy a significant green energy pipeline in Colombia, providing another boost to the country’s nascent solar scene.

Chicago-headquartered Invenergy has signed a deal with a utility from Medellín, Colombia’s second city, to together develop “at least” 400MW of solar and wind by 2025.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

According to a statement released on Wednesday, the pipeline agreed with Empresas Públicas de Medellín (EPM) would see 1,000GWh-a-year in clean energy volumes delivered to Colombians.

The alliance, sealed with Energy minister María Fernanda Suárez in attendance, specifies that Invenergy will provide its expertise in renewables after having developed 24GW worldwide.

EPC, meanwhile, is poised to contribute to the renewable alliance by sharing its experience with energy ventures in Colombia, a country Invenergy was absent from until this deal.

Speaking to Colombian outlet La República, EPM general director Jorge Londoño said Invenergy will be the one to first invest in the pipeline of 400MW.

Some of the projects could then be transferred to EPM once the Medellín utility has recouped its investment firepower, after backing the 2.4GW Ituango hydro power project, Londoño added.

The deal between a foreign and a local player is the second such partnership to emerge in Colombian renewables in little more than a month.

In mid-October, Europe's Cubico Sustainable Investments and Colombian peer Celsia said they would join forces to install 400MW of PV nationwide, starting by an initial 5 to 10 projects.

These partnerships look set to breathe new life into Colombia’s dormant solar ecosystem, where installed PV capacity only sat in double-digit-megawatt region last year.

Foreign interest is being rekindled by the holding last month of the country’s inaugural renewable tender, after months of delays driven by anti-trust concerns.

The tender of late October saw a combined 1.3GW awarded to five wind power projects and three solar scheme, with prices averaging at COP95.65/kWh (US$0.028/kWH)

A PV Tech feature examined the opportunities and risks of Colombian PV was part of PV Tech Power's Volume 19, which you can subscribe to here

The prospects and challenges of Latin American solar and storage will take centre stage at Solar Media's Energy Storage Latin America, to be held in Colombia on 28-29 April 2020.

Read Next

September 12, 2025
Colombian energy supplier Celsia is seeking more than US$1.2 billion in investment to build wind and solar generation projects in Peru. 
September 12, 2025
ACME Venus Urja has secured INR3.8 billion (US$43 million) to develop and construct a solar-plus-storage project in Barmer, Rajasthan.
September 11, 2025
Founder Group has won a RM10 million (US$2.3 million) engineering, procurement, construction and commissioning contract for a 30MW solar plant in Malaysia.
September 11, 2025
Madison Energy Infrastructure has raised US$800 million to accelerate the deployment of clean energy assets across the US. 
September 11, 2025
Constant Energy has secured THB300 million (US$9.4 million) in green financing from HSBC to expand large-scale solar and battery storage projects in Thailand. 
September 11, 2025
Solar power generation in Central Europe has grown at more than twice the EU average rate since 2019, according to new figures.

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