June 2019

FuturENERGY Digital – N 61


Cover Story

VESTAS COMMITS TO COLOMBIA, A PROMISING MARKET FOR WIND POWER

With almost 70% generated by hydroelectric power, Colombia enjoys one of the cleanest energy matrices in the world. However, the national power grid is tremendously exposed to periods of drought. Given this context, the country has decided to commit to diversifying its matrix through non-conventional renewables.

To which end, Colombia held its first non-conventional renewables auction last February. Despite no project being awarded, the initiative has given rise to a fruitful debate between government and market agents to improve participation conditions and to launch a new tender, currently scheduled to take place this September. This second auction aims to be a rallying point for the demands of the sectors as regards the supply and demand of energy in Colombia, as well as a commitment to creating a more sustainable, competitive and diverse energy matrix.

As global leader in wind power solutions with four decades of experience, Vestas sees in Colombia a huge potential for developing renewables projects.