Rules of the 2021 Renewable Energy Auction

The Ministry of Mines and Energy announced the rules of the third auction of Long-Term Contracts in Colombia, which will add clean energy to the energy matrix and encourage the economic reactivation of the country.

 

The main rules are:

- The auction will take into account projects from Non-Conventional Renewable Energy Sources (FNCER) that have a capacity equal to or greater than 5 MW.

 

- Only new projects that do not have Firm Energy Obligations by 2019 Reliability Charge auction and/or that have not signed energy supply contracts in the last Long-Term Contract auction, may participate the auction.

 

- These projects must be registered in the UPME electric power generation registry.

 

The auction will take place by the end of October 2021. The goal is for the projects to start producing energy in 2023.

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