August 6, 2018 |
Colombia's Ministry of Mining and Energy has announced the initial guidelines for its first unconventional renewable power auction.
In an official statement, the ministry approved Resolution 40795, which affirms the structure for an auction to be held in January 2019.
The ministry will provide 10-year power purchase agreements (PPAs) for up to 3,443 GWh/year of electricity.
Projects are expected to have 1 GW in total capacity. They will have to be commissioned in December 2022.
In 2014, Colombia
Energy ministry to award 10-year PPAs for 3,443 GWh/year of power