Colombia: 2MWh LFP battery storage unit in to go
Most large-scale news in Colombia to-date has been driven by the government, including plans to convert a 290MW coal plant to solar and BESS
Colombia's 2019 renewable energy auction awarded contracts for nine wind and five solar projects. These projects are worth approximately $8 billion and will add 1,365 MW of wind and solar capacity, due to be commissioned by 2022.
The IEA supports Colombia's agenda for a just energy transition. Experience from the IEA's Global Commission on People-Centred Transitions provides useful learnings for the government of Colombia, helping to boost local economic benefits and the transition to clean energy and new job opportunities.
In 2021, renewable energy accounted for 25% of Colombia's total energy supply and for 29% of final consumption, substantially above the IEA average of 14% and made up 75% of electricity generation (compared to the IEA average of 30%).
Colombia enjoys a strong natural resource base. Renewables accounted for more than a third of total final energy consumption in 2020, thanks to the significant role of conventional hydropower and bioenergy.
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