Celsia S.A. is set to invest $316.5 million in solar projects, expanding its renewable energy portfolio in Colombia and Central America by 2025. The Colombian utility firm has announced plans to add 400 MW of new solar capacity, thereby increasing its total installed capacity to 1.3 GW over the next two years.
Celsia solar investment drives expansion in Central America
Celsia has been investing heavily in renewable energy, with a particular focus on solar and wind projects. The company currently operates 26 solar farms in Colombia, Panama, and Honduras, totaling 340 MW of capacity. Additionally, Celsia has a 19.9 MW solar farm under construction in the Colombian department of Meta, as well as a 25 MW wind farm in La Guajira. For more details, refer to the LaRepublica.co report.
The company, part of the Argos Business Group, has a strong presence across Colombia and Central America. Its energy portfolio includes hydroelectric, thermal, solar, and wind power generation, as well as energy transmission and distribution networks. The company serves over 1.2 million customers with a capacity of 1,812 MW, including 1,123 MW of hydroelectric power, 553 MW of thermal generation, and 136 MW of wind and solar energy.
Celsia solar investment reflects commitment to sustainability and innovation
Celsia is also a leader in electric mobility, offering electric vehicle sales and charging infrastructure. The company has installed over 250 charging points throughout Colombia, including the first corridor connecting Bogotá and Medellín. Celsia’s electric mobility business is growing rapidly, with a 41% increase in revenue in the first half of 2024. For more information, visit Celsia’s official site.
Celsia is committed to sustainability and innovation, focusing on renewable energy and electric mobility solutions. The company’s investments in solar projects and electric mobility are part of a broader strategy to reduce carbon emissions and promote a greener future.
Colombia’s solar energy expansion fueled by Celsia solar investment
Colombia has experienced significant growth in its solar energy sector, transforming from a nation with minimal solar power to a burgeoning leader in renewable energy. With its rich natural resources and favorable climate, Colombia is well-positioned to expand its solar energy capacity.
The country’s solar energy capacity has surged from just 43 megawatts (MW) in 2018 to over 1,000 MW by the end of 2023. This growth has been driven by a combination of government policies, private sector investments, and international partnerships.
Government initiatives, such as the Law of Energy Transition and the National Development Plan, have played a crucial role in promoting renewable energy. These policies have created a conducive environment for investment in solar projects, attracting both domestic and foreign investors.
The private sector has also shown strong interest in Colombia’s solar energy market. Companies like Celsia, Enel Green Power, and EPM have been at the forefront of developing large-scale solar farms across the country. These projects have not only increased the nation’s energy capacity but also created jobs and stimulated economic growth.
International partnerships have further bolstered Colombia’s solar energy sector. Organizations like the World Bank and the Inter-American Development Bank have provided financial and technical support for various solar projects. These collaborations have helped Colombia access cutting-edge technology and expertise, accelerating the country’s transition to renewable energy.
Celsia solar investment leads Colombia’s solar energy growth
Colombia’s solar energy growth has had a significant impact on the country’s energy landscape. The increased capacity has helped diversify the nation’s energy mix, reducing its reliance on fossil fuels. This shift has contributed to a reduction in greenhouse gas emissions, aligning with Colombia’s commitments under the Paris Agreement.
Solar energy has also improved energy access in remote and underserved areas. By providing a reliable and sustainable source of power, solar projects have enhanced the quality of life for many Colombians, particularly in rural regions. This development has been instrumental in bridging the energy gap and promoting social inclusion.
Looking ahead, Colombia’s solar energy sector is poised for continued growth. The government aims to increase the share of renewable energy in the national grid to 12% by 2030. This ambitious target will require sustained investment and innovation in solar technology.
With its abundant resources and supportive policies, Colombia is well on its way to becoming a leader in solar energy in Latin America. The country’s progress in the sector is a testament to the power of collaboration and commitment to sustainable development.
For more insights into Celsia’s solar initiatives, you can explore their ongoing projects, such as the 19.9MW solar farm in Colombia and the 59.7MW solar farm construction in NE Colombia.