Colombia Solar Energy Market Growth, Trends 2026-30
The Colombia solar energy market continues to adopt bifacial panels, single-axis trackers, and digital O&M systems that reduce downtime. Concentrated Solar Power remains absent due to
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.
In February 2024, the Government of Colombia announced that it had awarded 4.4 GW of solar PV capacity, which accounted for 99% of all renewable generation capacity offered in its latest auction.
Recently, hydropower has been the dominant source in Colombia's energy generation mix, accounting for over 70% of the total share. Additionally, the country has a significant proportion of gas power generation, representing approximately 11% of the overall energy mix.
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