With a power score of 2.52, Colombia ranks number 13 among Emerging markets and number 4 in the Latin America region.
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Colombia has a power score of 2.52, which puts it at rank 13 in the Emerging Markets power ranking. The power score of Colombia is higher than the average of 2.07 in the Latin America region.
In the chart above all geographies within the region are arranged by power score from left to right. The circles are sized based on the population.
Colombia implements policies in 5/8 categories tracked by Climatescope; Auctions/tenders (utility-scale), Support for customer-sited generation (rooftop and self-consumption), Tax incentives, Renewables mandate/RPS/Supplier Obligation, and REC'S - Renewable Energy Certificates
The average electricity price in Colombia has increased from ~$165/MWh in 2023 to ~$227/MWh in 2024. Since 2019, the average electricity price in Colombia has fluctuated between ~$126/MWh in 2020 and ~$227/MWh in 2024.
The top amount of capacity installed in Colombia in 2024 was in Hydro at 13.21GW, up from 13.17GW in 2023.
The technology with the largest share of electricity generated in Colombia in 2024 was Hydro at 54.27TWh, down from 59.66TWh in 2023.
Investment in clean energy in Colombia was around $764.65M in 2024. This amounts to an increase of around 109% from $365.61M in 2023.
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This is the 14th edition of Climatescope, BloombergNEF’s annual assessment of energy transition opportunities in emerging markets. It highlights how the energy transition is progressing in these markets and how they are harnessing the transition to boost attractiveness to outside investors.
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