Colombia Renewables Energy Sector Report 2023-2024

As of 2022, Colombia's energy sector has shown consistent growth and resilience, with the energy sector contributing around 1.73% of the country's total gross domestic product (GDP). The country has made significant strides in expanding its renewable energy capacity, particularly in hydropower, solar, bioenergy and wind. With 85.4% of power generation coming from renewables, Colombia has achieved remarkable growth rates, including a 9.95% increase in solar power generation and a 2,376.7% increase in wind power generation between 2017 and 2022. The sector has also witnessed positive trends in energy consumption, external trade, foreign direct investment and employment, indicating a promising future for Colombia's renewable sector and its contribution to sustainable development.

This report provides a complete and detailed analysis of the "Renewable energy" sector for Colombia. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Renewable energy" sector in Colombia
• Crystallise the forces both driving and restraining this sector in Colombia
• Ascertain Colombia’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Colombia.
• Build a clear picture of trends, output and consumption for specific sub-sectors