Bancolombia’s Daniel Arango shares how Colombia can emerge as a regional leader in energy transition by reducing GHG emissions, scaling renewable projects like solar energy, and advancing green hydrogen initiatives with innovative financial solutions.

Colombia is emerging as a major player in renewable energy, shifting away from its reliance on hydroelectric power. The inauguration of a 144 MW solar park by Spanish energy firm Zelestra marks a decisive step in the country’s energy transition. With abundant solar and wind resources, investor-friendly policies, and increasing demand for clean energy, Colombia is rapidly becoming an attractive destination for global renewable energy investments.

Colombia faces critical energy challenges, including climate phenomena like El Niño and delays in energy policy. Natalia Gutiérrez, president of Acolgen, underscores that ensuring energy security is essential for a successful transition to cleaner energy sources. With investments of COP 10 trillion needed by 2027, the country must adopt a balanced energy strategy that integrates renewables and reliable conventional technologies.