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Country / jurisdiction: Colombia · Year: 2021 · Status: In force · Level: National · Type: Voluntary
Colombia announced its plan of 3.3 trillion pesos investments by awarding 11 solar projects and providing about 4,800 green jobs through the new renewable auction held on 26th October 2021. 11 solar projects are supposed to meet their energy supply commitments by January 2023 accounting for a reduction of 465 thousand tonnes of CO2 per year, also contributing to reach the country’s emissions reduction target of -51% by 2030.
The 15-year contracts are engaged with nine generating companies and 53 marketers with a weighted average allocation price of 155.8 pesos per kWh. With this new installed capacity, the share of non-conventional renewable energy is expected to go from 0.2% in 2018 to more than 15% in 2023.
Official source: https://www.minenergia.gov.co/web/10180/1332?idNoticia=24314285
Source
https://www.iea.org/policies/14385Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.