Colombia’s Ministry of Mines and Energy awarded contracts for around 270 MW of new solar tied to 100 MW of battery energy storage in the first round of its long-term clean energy auction. The 15-year contracts begin supplying electricity in 2030.
Colombia’s Ministry of Mines and Energy has awarded contracts for around 270 MW of new solar tied to 100 MW of battery energy storage in the first round of its long-term clean energy auction.
The ministry says the auction awarded 390 MWh per day under the hybrid product, which combines solar photovoltaic generation with battery energy storage. The contracts require electricity delivery in two time blocks: from 8 a.m. to 6 p.m., primarily from solar generation, and from 6 p.m. to 10 p.m., when batteries shift solar output into the evening peak.
The awarded capacity increases Colombia’s installed battery storage capacity by about 1,000%, the ministry added, providing enough contracted energy to meet peak-hour demand from more than 67,000 households.
The auction cleared at COP 315.87 ($0.099)/kWh. The ministry said the price is less than 30% of electricity prices that can occur in the spot market during drought periods.
