Private Investment in Wind Power in Colombia

This report was supported by the UK Foreign and Commonwealth Office (FCO) Prosperity Fund for Latin America. It examines the feasibility of private investment in wind power in Colombia within the current regulatory framework.  It focuses especially on the regulatory methodology for estimating the “firm energy” that wind power plants are capable of providing in Colombia to back up hydro generation during extended periods of drought (El Niño weather events).  Our conclusion is that the current methodology probably underestimates wind’s firm energy contribution, possibly by a substantial amount. This in turn means that wind power stations receive a lower firm energy payment than they should.  We consider this to be an important barrier to investment in wind power in Colombia. We recommend that the Colombian Government reconsider their methodology for estimating the firm energy capacity of wind power and of other (non hydro) sources of renewable power.

By: David Robinson , Alvaro Riascos , David Harbord

Latest Tweets from @OxfordEnergy

  • New issue of Oxford Energy Forum discusses the disruptive impact of interactions between vehicle automation, electr… https://t.co/tJdwhva2xq

    April 18th

  • Oxford Energy Forum – Disruptive Change in the Transport Sector – Issue 112 https://t.co/0fUgz7PCJw

    April 18th

  • Just publihsed by @BourseBazaar a synopsis of our latest @OxfordEnergy Insight on Iran. - https://t.co/9aZMptPmQ7

    April 18th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.