Colombia Renewable Energy

Colombia Renewable Energy – Colombia’s geography and natural resources promise to integrate renewable energy into the electricity grid. However, there are also significant challenges.

Alfredo Pares, vice president of Swiss electrical equipment multinational ABB Group, told Portfolio newspaper that wind and solar energy are “real” options for addressing Colombia’s growing energy needs and environmental problems.

Colombia Renewable Energy

Paras argues that “Colombia’s geography plays a key role in consolidating its position as an energy powerhouse in the region”.

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Many areas of Colombia receive 12 hours of sunlight all year round, Parras said, which means they can be captured without interruption.

In addition, he added, areas such as La Guajira have strong winds that can be used to develop electric turbines.

As weather events such as El Nino increase in response to global warming, causing heavy rains and droughts that affect Colombia’s dependence on the hydroelectricity of its lakes and rivers, the development of renewable energy will help diversify the country’s electricity grid with a more reliable energy.

In March, the Colombian Agency for Energy and Mining Planning (UPME) issued a mandate to “improve the variability and resilience of the electricity matrix to climate change through risk diversification”.

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UPME has currently registered 299 projects to participate in government auctions promoted by the Trust for Renewable Energy Integration into the State Interconnection System (SIN).

Originally, only conventional renewable energy projects could be auctioned, but after pressure from hydroelectric companies, the government decided to exclude only fossil fuel projects.

Paras said that while the country is pushing ahead with the guidelines of the regulatory framework to diversify its energy grid, the industry and government must step forward and create markets for themselves.

Once the market is established, unconventional renewable energy sources will compete with hydroelectric and carbon-based sources to provide the cheapest and most efficient electricity.

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“Identifying the appropriate transmission network is also important, providing energy to points of consumption, reducing congestion and reducing access restrictions.”

Parra addressed critics, arguing that renewable energy sources like solar and wind are unreliable when it’s cloudy or the wind is slow.

He stressed that as part of the solutions to help the development of this sector, Colombia should “use technologies such as energy storage, hybrid wind and solar production, virtual generation plants, micro-grids, forecasting systems. of the neural network and artificial intelligence. “

Currently, less than 1% of Colombia’s energy matrix comes from non-traditional renewable sources such as wind and solar power, 70% from hydroelectric power plants and 30% from natural gas and coal.

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This year, the government announced a 30% renewable energy target by 2030 to help the country reach its target of reducing C02 emissions by 67 million tons that year.

Critics in the conventional energy sector argue that Colombia’s hydroelectric power accounts for 70 percent of its renewable energy and that excessive installation of new sources will destroy the country’s market value by overspending demand.

Colombia’s maximum electricity consumption is around 10,000 megawatts (MW), with a current capacity of 16,000 MW. Unconventional sources could increase it to 20,000 MW once construction is complete.

Colombia can look to its South American neighbors who have made progress through diversifying clean energy sources.

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After Chile quadrupled its clean energy production capacity last year, electricity prices have fallen by 75% in four years.

Chile now has an electricity surplus and fossil fuel imports fell 20% last year. Factors such as government support policies and efforts to meet electricity demand using renewable energy sources are expected to significantly contribute to market growth. With the government’s commitment to obtain maximum energy from renewable energy and reduce carbon emissions, the share of renewable energy will increase significantly, leading the renewable energy market. On the other hand, bad weather conditions and the use of traditional energy sources such as coal and natural gas are among the factors limiting the Colombian renewable energy market.

The renewable energy market in Colombia has moderately consolidated. Some of the major companies include Celsius SAESP, DNV GL AS, Enel Green Power SpA, Ventus Ingenieria S.R.L and EDP Renovaveis SA.

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Celsia SAESP, DNV GL AS, Enel Green Power SpA, EDP Renovaveis SA and Ventus Ingenieria S.R.L are the main companies operating in the Colombian renewable energy market.

Thanks for your purchase. Your money is successful. Reports will be provided within 24-72 hours. Our sales representative will contact you shortly with details. Over the past decade, Colombia has made major changes to the way the country accesses energy. These changes have allowed the country to rely more on its abundant renewable water resources. Today Colombia relies on hydroelectricity. It represents 65% of the annual energy consumption. In 2010, Colombia had the highest renewable energy consumption of any other country. This is because 2,543 megawatts of renewable energy production have been diverted to hydroelectricity. However, while hydroelectricity accounts for the majority of the country’s energy production, Colombia has other potential sources such as solar energy, biomass, and wind. Colombia will likely need this abundant renewable energy for years to come.

The potential for wind energy is abundant in Colombia. Many experts have concluded that wind energy can support Colombia’s current total consumption. An area in Colombia called La Guajira has very high wind speeds. The region has an estimated supply potential of 21 GW. Colombia’s first wind farm is located in this area. Others could be installed to increase the wind energy potential.

Biomass is another potential renewable energy source in Colombia. Due to the large agricultural sector in the country, there is a large amount of agricultural waste that can be used to generate energy. For example, coffee is Colombia’s largest agricultural export, supplying about a quarter of Colombia’s agriculture. Bananas and rice are the main agricultural products. In total, around 2 million tons of bananas and 1.8 million tons of rice are produced. These staple crops generate large amounts of agricultural waste, allowing Colombia to develop biospecies capable of converting this waste into energy.

Supporting Colombia’s Clean Energy Transition

Renewable energy is abundant in Colombia. However, the country relies mainly on hydroelectricity. One reason for this preference is Colombia’s privatization laws of the 1990s, which resulted in 50% of hydropower being privately owned. However, the use of renewable energies could be very important for Colombia’s energy future.

According to the energy transition, Colombia’s dependence on hydroelectricity has negative consequences. Like other forms of energy, hydroelectricity has an aggressive impact on the environment: the dams used to generate hydroelectricity can damage various ecosystems and even cause flooding – the Hydrovitanco hydroelectric power plant was severely affected by the flood of 2018. environment surrounding.

About 27% of people in Colombia live in poverty, with the number rising to 36% in more rural areas. Furthermore, poor and developing countries are more vulnerable to natural disasters than other countries. These statistics put poor Colombians at a huge disadvantage if hydroelectricity causes other major environmental disasters. Therefore, it is necessary to diversify energy resources.

Although hydropower has done some good, renewable energy in Colombia has the potential to expand. It can protect important ecosystems and protect those living in poverty from preventable natural disasters. Renewable energy in Colombia can do all of this by paving the way for clean energy. Over the past decade, Colombia has introduced renewable energy targets. In 2020 alone, the government pledged to cut greenhouse gas emissions by 51 percent and install 4,000 megawatts of new renewable hydroelectric power by 2030, about 24 percent of the country’s projected capacity.

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These goals aren’t just promises: in 2019, the government launched the first renewable energy auction of 1,374 megawatts of new wind and solar power. While this campaign is an important start, the country will need to significantly expand its efforts in the coming years.

By 2022, Colombia will have to install an average of 280 megawatts per year over the next nine years. This means that the country adds 55% more renewable capacity each year than the country built before January.

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