Under the new framework, communities such as rural farmers and indigenous and Afro-Colombian communities can build renewable energy assets to support their own demand and have the option to export surplus power or supply it to the national grid.
As of now around 70% of the country’s power generation is derived from hydroelectric facilities, with less than 1% coming from renewable energy sources.
Although more than 50 renewables developments have been planned in Colombia since 2019, none have yet become operational.
In October 2023, Colombia announced its first offshore wind energy auction would begin receiving bids in August 2024.
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Sharjah National Oil Corporation has acquired a 30% participating interest from Eni in a block in Ras Al Khaimah, UAE,… Read More
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Nigeria has opened a bid round covering 12 onshore and deepwater oil and gas blocks, Reuters reported on Wednesday Read More
ADNOC has signed a 15-year heads of agreement for the supply of 600,000 tpy of LNG to German energy company… Read More
TotalEnergies and ConocoPhillips have reached first oil production at the North Sea's USD 1 Read More
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