With new investment, Enel Colombia expects to commission nine wind and solar projects between 2022 and 2024, general director Lucio Rubio Diaz said. Of these, six projects are currently under development or about to start construction -- one wind and three solar projects in Colombia and two solar developments in Panama.
Colombian power utility Enel Colombia will invest around COP 3.1 trillion (USD 826m/EUR 757m) in the renewables business as part of its COP-7-trillion investment plan for 2022-2024. The company announced the news this week, about a month after it was formally created following a four-way merger.
Data is available for mining, electricity generation capacity, natural gas and oil infrastructure, as well as the vulnerability of these resources and energy supply infrastructure to climate impacts in the region. This information is based on IEA analysis carried out within the framework of Latin America Energy Outlook 2023.
The spending plan will help Enel Colombia increase EBITDA by 18% to over COP 5.8 trillion, the company said. The city of Bogota-controlled power and gas company Grupo Energia Bogota (GEB) is the second largest shareholder of Enel Colombia after Enel Americas. Choose your newsletter by Renewables Now.
The Latin America Energy Outlook, the International Energy Agency’s first in-depth and comprehensive assessment of Latin America and the Caribbean, builds on decades of collaboration with partners. In support of the region's energy goals, the report explores the opportunities and challenges that lie ahead.