Did Canadian Solar win the first Pure Storage tender in Colombia?

Dr. Shawn Qu, Chairman and CEO of Canadian Solar, commented, "We are very proud to have won this project in the first pure storage tender in Colombia. This is also our first energy storage project in the country and the Latin America region.

How much money will Colombia need to decarbonize power systems?

It is estimated that infrastructure investments will need to ramp up to $820 billion annually by 2030 to facilitate the decarbonization of power systems. A renewable energy transformation is already underway in Colombia; the country generated record levels of solar power in 2021.

How does the IEA support Colombia's energy transition?

The IEA supports Colombia’s agenda for a just energy transition. Experience from the IEA’s Global Commission on People-Centred Transitions provides useful learnings for the government of Colombia, helping to boost local economic benefits and the transition to clean energy and new job opportunities.

Why is Colombia investing $70 million in concessional resources?

“Colombia’s Investment Plan for $70 million in concessional resources is a recognition of the maturity of the country’s energy system and its efforts to advance an ambitious and inclusive transition, based on collaboration between the public, private and social sectors.

Is the Just Energy Transition an opportunity for decarbonizing Colombia's economy?

“In Colombia, we see the just energy transition not just as an opportunity for decarbonizing our national economy, but also as an opportunity to achieve long-term environment and economic sustainability through an inclusive strategy where citizens are at the center of the transition.

Are non-hydro renewable sources a problem in Colombia?

However, non-hydro renewable sources still represent less than 2% of Colombia’s installed generation capacity, exposing the electric system to risks. Moreover, the country faces high costs and steep barriers to modernizing its transmission infrastructure and transporting renewable electricity safely and reliably, particularly to off-grid regions.