Colombia to change rules governing renewable energy auctions

Colombia to change rules governing renewable energy auctions

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 Urug

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