Seeks investors in offshore wind energy projects
12 Sep 2024
On 12 September 2024, the Government of Colombia adopted Addendum No. 3 to the tender documents for the competitive process related to the first round of offshore wind energy in Colombia, initiated on 4 December 2023. The competitive process aims to issue Temporary Occupation Permits for offshore wind energy projects along the northern Atlantic coast of Colombia. It involves developers of both onshore and offshore wind energy, and seeks to promote projects with a capacity of 1 to 3 gigawatts, potentially reducing carbon dioxide emissions by 27 to 81 million tonnes.
Each Permit will grant its holder the exclusive right to carry out, at their own expense and risk, and subject to the conditions established by the Maritime Authority of Colombia, activities in the maritime area covered by the Permit. These activities include the measurement, research, and collection of data and information to determine the viability of the projects. Obtaining a Permit is a necessary prerequisite for the holder to subsequently request a maritime concession. The concession grants the holder the right to use and enjoy the maritime area covered by the Permit to carry out the construction, operation, maintenance, and dismantling of offshore wind farms.
The competitive process follows a set schedule, with prequalification running until December 2024, nominations closing in April 2025, and final permits being issued by December 2025. This initiative aims to boost Colombia’s energy security, reduce reliance on hydroelectric power, and stabilise electricity prices.
Efforts to increase participation include the relaxation of strict prequalification requirements to attract more foreign developers.
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Type:
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Entry and establishment (Approval and admission)
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Industry:
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Not industry specific (SDG)
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Services (Electricity, gas, steam and air conditioning supply)
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Sources:
