Colombia prepares third call for tenders for renewable energies

Developers have until August 27 to register as participants in Colombia’s third renewable energy tender, grid operator XM has confirmed. He also published final rules for the auction.

Once registered, participants will have until October 1 to present their bid deposit and until October 26 to present their offers. The contracts will be awarded the same day and signed before December 20.

“This third call for tenders will further consolidate the energy transition which has made Colombia an international leader in the incorporation of unconventional renewable energy sources”, declared the Minister of Mines and Energy, Diego. Mesa.

Under the dual auction system, suppliers and buyers will submit bids for 15-year power purchase contracts that will come into effect on January 1, 2023. These suppliers and buyers are then put into effect. relationship.

The XM grid manager could not say how much capacity would be allocated, as it will depend on the contracts signed during the auction.

The publication of the tender dossier follows a public consultation period ending on July 23. during which 31 interested parties submitted a total of 272 comments on the draft rules.

Following Colombia’s first two renewable energy tenders, the country is expected to add around 1.7 GW of wind power capacity, mainly in the northeastern department of La Guajira, by the end next year.

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About Lois Mendez

Lois Mendez

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