[SEI] Solar, wind power and energy communities in Colombia: 2025 policy overview
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Key messages
In Colombia, installed solar and wind capacity represented around 9% of the total electricity matrix in 2024, a significant increase from the 1.5% recorded in 2022. This growth corresponds to the expansion of installed solar capacity.
Over the next five years, there could be a sharp increase in solar and wind capacity. Between 2023 and 2033, 13.5 GW of solar projects and 2.8 GW of wind projects have been approved by the Mining and Energy Planning Unit (UPME).
The National Development Plan 2022–2026 promotes the concept of energy communities as a key pillar for energy democratization, aiming to establish 20 000 by 2026.
Investment in renewable energy in Colombia fell by nearly 70% between 2022 and 2023 due to changes in tax incentives, high capital costs, and pressure to reduce electricity prices, among other factors. Achieving the goals of the National Energy Plan (PEN) 2022–2052 for solar and wind capacity requires unlocking up to USD 92.4 billion.
The expansion of wind and solar projects in Colombia faces justice and equity challenges which require concrete strategies to ensure meaningful participation and tangible benefits for local communities. The Just Energy Transition Roadmap outlines strategies to address these challenges.
This brief begins by exploring the current state of solar and wind energy in the country, as well as growth prospects. It then presents the institutional framework, key policies, and regulatory environment. The following sections offer an overview of the financing context, as well as environmental, socioeconomic, and equity-related aspects. The document concludes with a commentary on future outlooks.
