Colombia’s solar energy sector is set for significant growth, with several projects in the pipeline for 2025. Major companies like Celsia and Ecopetrol are expanding their solar portfolios, while international firms like Enel Colombia and Latin America Power are also investing in the country. This expansion is supported by government incentives and a strong commitment to increasing renewable energy capacity. This makes now a great time to consider the Colombia Solar Energy Market Trends.
Celsia’s Expansion in Colombia solar energy
Celsia, a leading Colombian energy company, is set to inaugurate two new solar farms in early 2025. The company is developing the 15.6 MW El Espinal solar farm in Tolima and the 16.5 MW Cerritos solar farm in Risaralda, both of which are expected to be operational by January 2025.
Celsia is also advancing with the 9.9 MW Niña Solar 1 project in Atlántico, which is scheduled to begin operations in 2025. This project is part of the company’s broader strategy to expand its renewable energy portfolio, which currently includes 435 MW of solar capacity either installed, under construction, or in the pipeline.
Ecopetrol’s Renewable Energy Projects in Colombia solar energy
Ecopetrol — Colombia’s state-owned oil company — is also making significant strides in the renewable energy sector. The company is set to begin construction on a 56 MW solar farm in the second half of 2025. Additionally, Ecopetrol has launched a bidding process for a 50 MW solar farm in northern Meta, with plans to award the contract in the first half of 2025. These projects are part of Ecopetrol’s strategic shift towards renewable energy, as the company seeks to diversify its energy portfolio and reduce its carbon footprint.
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Colombia is making significant strides in solar energy, with major projects planned for 2025, including Celsia’s new solar farms and Ecopetrol’s renewable energy initiatives.
Enel Colombia and Latin America Power Invest in Colombia solar energy
Enel Colombia is another key player in the Colombian solar sector. The company is progressing with the 132 MW La Loma solar farm in Cesar, which is expected to become operational by the end of 2024. In addition to La Loma, Enel Colombia has other solar projects in the works, including La Gaviota (48.5 MW), El Paso (86.2 MW), and El Paso II (86.2 MW). These projects underscore Enel Colombia’s commitment to expanding its renewable energy footprint in the country.
Chilean firm Latin America Power is also eyeing Colombia’s solar market. The company is awaiting environmental approvals for three solar projects totaling 1 GW in capacity. These projects highlight the growing interest of international investors in Colombia’s renewable energy sector, which is becoming increasingly attractive due to the country’s abundant solar resources and supportive regulatory framework.
Government Support and Future Prospects for Colombia solar energy
The Colombian government has been actively promoting renewable energy through various incentives, including tax breaks and subsidies for solar projects. These measures have played a crucial role in attracting both local and international investors to the country’s solar sector. Furthermore, Colombia is planning to install solar systems for 1 million low-income households.
According to the Colombian Ministry of Mines and Energy, the country’s installed solar capacity is expected to reach 1.5 GW by the end of 2025.
Colombia’s solar sector is set for a bright future, with major projects coming online in 2025 and beyond. Companies like Celsia, Ecopetrol, Enel Colombia, and Latin America Power are leading the charge, supported by government incentives and a favorable investment climate. As the country continues to expand its renewable energy capacity, solar power is expected to play an increasingly important role in Colombia’s energy mix, contributing to the country’s energy transition and efforts to combat climate change.
