According to the national grid operator, XM Compania de Expertos en Mercados, Colombia generated 89.26% of its electricity from clean and renewable sources in November. Source: Renewables Now
Isagen SA ESP will sell its only thermal power plant in Colombia to focus on shifting to 100% clean electricity generation using hydro, wind, and solar energy. The gas-fired power plant has a capacity of 272 MW. Source: Renewables Now
Enel Americas is investing US$5 billion in the Latin American region with most of the investments going to Colombia and Brazil. They will exit Peru and Argentina in 2023 to focus on countries that are “more advanced” in their energy transition. Source: Renewables Now
Enel Colombia received loans totaling US$94.2 million to focus on bringing electricity to rural areas and to increase its renewable energy capacity while reducing thermal generation. Source: Renewables Now
The Ministry of Mines and Energy of the Republic of Colombia and the European Investment Bank signed a declaration of intent to promote the energy transition in Colombia, giving priority to green hydrogen development. Source: EIB
According to the IFC, based on a report by the Sustainable Banking Network (SBN), Brazil, Colombia, and Mexico are leading the way in promoting sustainable finance in the Latin American region. Source: America Economia
The utility group, Enel Colombia, signed a PPA to sell some of the output from the 486.7 MW Guayepo I & II solar farm to the Colombian brewery Bavaria SA. Source: IEEFA
