View Navigation View Search
 

Colombia Land of Opportunities

24 October 2018

Austrade Colombia is pleased to invite you to participate in the first non- conventional renewable and smart grids webinar featuring presentations from government agencies and industry associations. The webinar will provide an update on the current business environment and potential opportunities for Australian companies in the energy sector.

Colombia is a country rich in natural resources and also has a strategic geographical position in the region representing a great opportunity for the integration of smart grids and non-conventional renewable energy technologies into the existing power grid in Colombia and in the region.

Currently, Colombia has an installed power generation capacity of close to 17,000 MW, proving access to 97% of the population under the National Interconnected System (SIN) and it is expected that by 2027 it will reach 20,500 MW. According to the Mining and Energy Planning Unit (UPME), the electricity sector is led mainly by hydropower generation (66%), thermal generation (33%) and less than 1% is covered by non-conventional renewables (wind, biomass and solar).

As Colombia is vulnerable to El Niño and La Niña phenomena, the newly elected government is seeking to reduce the country’s dependence on hydropower and announced its commitment to diversify and increase the non-conventional renewable component to 30% by 2030. For this reason, the government will hold its first long-term power supply auction in January 2019 offering suppliers around 1,000 MW of installed capacity.

As a result of a study developed by the World Bank, Ernst & Young and the National Financial Development (FDN), the potential market for non- conventional renewable energy and energy efficiency projects in Colombia is calculated as;

Wind potential: 29,500 MW
Solar potential: 21,645 MW
Biomass potential: 14,182 MW Geothermal potential: 1,000
2,000 MW

Details

Date: Wednesday 24 October 2018

Time: 9.00am– 10.00am AEDT

Costs: This event is free, but participants must register. The registration confirmation email will include all webinar log-on information.

Click here for a brochure

Click here to register 

To Home