Home / 2019 / 2019/Q2 / Colombia to change rules governing renewable energy auctions

Colombia to change rules governing renewable energy auctions

Colombia to change rules governing renewable energy auctions

August 1, 2019
Auction suffered a setback in February when it failed to attract enough buyers

Bonds Debt Capital Markets Corporate & Sovereign Strategy Project & Infrastructure Finance Colombia Features

Colombia’s electricity market has always stood out a little from its neighbors. It deregulated its power market in the early 1990s, and neither politics nor the weather has since managed to seriously disrupt it. “The market-driven system has worked pretty well for the last 25 years,” says Santiago Pardo, a managing director in Bogotá at advisory firm Astris Finance. “It enabled a number of strong local companies, many of them majority state-owned, to emerge.” Now Colombia’s energy sector is standing out again — for all the wrong reasons. Renewable energy development is booming in neighboring countries, with Chile, Peru, Brazil and Mexico all posting big capacity increases. Argentina and Uru

Already have an account?

    Forgot your password?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial