SolarPV 565MW + 800MWac for production of Green H2/NH3
Colombian Energy Outlook
The Colombian energy market is a great opportunity given taxational advantages for renewable energy projects, increasing demand for energy and a friendly business environment.
The Colombian administration has implemented a 34% Income Tax Exemption and a Special income Tax Deduction of 50% on total investment value.
The administration mandated that at least 10% of all energy production should come from renewable sources by 2030.
There is a power shortage around ~2,400MW due to the“Project Hidroituango” delay.
The generation of Solar and Wind energy will add over20,240MW equivalent to more than 30% of the energy produced by 2034
Competitive wholesale electrical market including PPA and spot market.
