Colombia has announced a pact with 8 other countries for the region to achieve 70% renewable energy use by 2030 (312GW), an ambitious target which more than doubles that of the EU. But what makes Colombia’s appetite for renewable energy (and storage) an excellent opportunity for local and international players? This session will highlight:
This session will set the scene across the region, discussing the role of regional governments and how they are leading the charge for the transition in Latin America.
What is the appetite for energy storage in the region? We discuss the short to long-term predictions with high-level government authorities, the energy policies driving storage in Latin America and the status of auctions for energy projects in the region.
Join this session to find out more on the challenges of a nascent market which holds the key to a flexible power system.
Dynamic renewable energy markets currently make up for almost a quarter of primary energy generation across the region, making Latin America ripe for the picking. Climate change means an inevitable shift from widespread reliance on hydropower to other renewable sources, and a renewable boom. But what are the real market needs to hit the 2030 target?
This presentation will discuss how smart technologies such as energy storage, demand-side management systems, and smart meters can help to decarbonize cost-effectively the Colombian power system. And it will share the progress of the project’ Supporting the roll-out of smart grids technologies in Colombia’, a project that will help UPME to prioritize key actions required for the roll-out of smart grid technologies. The project is delivered by the Carbon Trust, the National University of Colombia and Imperial College London and funded by the UK Government’s PACT program in Colombia.