PV secures 238MW at Colombia’s ‘reliability charge’ auction

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Solar's partial success in the tendering comes after a larger renewable-only auction floundered last week (Credit: Gustavo9917 / Pixabay)

Two PV developers have won contracts to provide power in 2022 and 2023 at a Colombian auction designed to boost supply in the event of droughts.

At a respective 170MW and 68MW, Enel and Emgesa were the two successful PV bidders at the so-called “reliability charge” tender held last week.

The auction tendered a combined 4.01GW in new capacity across all forms of energy, renewable or otherwise. Solar’s aggregate 238MW placed it far behind hydropower’s 1.372GW, thermal power’s 1.24GW and wind power’s 1.16GW.

In terms of generation, the contracts require all hydropower projects to supply a daily 88.59GWh in firm power between 2022 and 2023, followed by thermal (72.68GWh/day), wind (2.51GWh/day) and solar (0.76 GWh/day).

Some 0.52 of that 0.76GWh/day will be provided by Enel’s La Loma Solar project, with Emgesa’s El Paso Solar representing the remaining 0.24GWh/day. The two plants were selected out of an initial three PV bidders, with a 233MW third applicant that was unsuccessful in winning a contract.

For solar, the reliability charge auction marks a brighter turn of events after a larger tender – Colombia’s first ever renewable-only auction – floundered last week.

Antitrust concerns saw the government pull the plug on the tendering of 1.183GWh, delaying the awarding of contracts until a second auction now scheduled for Q2 2019. Energy minister María Fernanda Suárez linked the move to “conservative” participation of buyers, telling the media at the time: “The prices they offered did not match those of several of the projects themselves.”

Speaking after the latest, more successful auction, Suárez said the exercise marks the start of Colombia’s energy transition. “For the first time we’ll have solar and wind in the reliability matrix,” she commented.

See here for more background on the reliability charge auction 

Read Next

May 17, 2021
Portugal will carry out its third solar auction this September, with 500MW of floating PV capacity set to be allocated.
May 13, 2021
The solar module manufacturing subsidiary of Italian utility Enel is aiming to scale up annual production capacity to 3GW in the second half of 2023, the company has confirmed.
May 7, 2021
Latin America-focused solar developer Atlas Renewable Energy has obtained a US$150 million loan to finance the construction of its 359MWp Lar do Sol - Casablanca PV project in Brazil.
April 29, 2021
French utility Engie has doubled its renewables deployment targets in Chile as part of plans to end its coal-fired generation activities in the country by 2025.
April 14, 2021
While recent solar auctions in Spain and Portugal have made headlines with low prices and high levels of participation, the power purchase agreement market will be key to helping both countries reach their 2030 solar deployment targets, it was suggested during a panel discussion.
March 15, 2021
Powertis has started construction work on two PV plants in Brazil that each have a capacity of 112.5MWp and are the Spanish developer’s first solar plants in the South American country.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021