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Wind Energy in Colombia: A Framework for Market Entry

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Abstract

The purpose of this report is to provide decision makers in Colombia (and by extension other countries or regions), who are considering the deployment or consolidation of wind power, with a set of options to promote its use. The options presented are the result of an analysis of the Colombian market; this analysis included simulations and modeling of the country’s power sector, and extensive consultations with operators, managers, and agents. More information on the analysis and simulations is presented in the appendixes. Wind was chosen to exemplify the range of renewable energy alternatives available to complement traditional power sector technologies on the basis of its technical maturity, its relatively low cost compared to other options, the country’s experience, and its wind power potential.

Suggested Citation

  • Walter Vergara & Alejandro Deeb & Natsuko Toba & Peter Cramton & Irene Leino, 2010. "Wind Energy in Colombia: A Framework for Market Entry," Papers of Peter Cramton 10wec, University of Maryland, Department of Economics - Peter Cramton, revised 2010.
    • Handle: RePEc:pcc:pccumd:10wec
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    File URL: https://www.cramton.umd.edu/papers2010-2014/vergara-deep-toba-cramton-leino-wind-energy-in-colombia.pdf
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    Cited by:

    1. Gil Ruiz, Samuel Andrés & Barriga, Julio Eduardo Cañón & Martínez, J. Alejandro, 2021. "Wind power assessment in the Caribbean region of Colombia, using ten-minute wind observations and ERA5 data," Renewable Energy, Elsevier, vol. 172(C), pages 158-176.
    2. Henao, Felipe & Viteri, Juan P. & Rodríguez, Yeny & Gómez, Juan & Dyner, Isaac, 2020. "Annual and interannual complementarities of renewable energy sources in Colombia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 134(C).
    3. Cuervo, Felipe Isaza & Botero, Sergio Botero, 2016. "Wind power reliability valuation in a Hydro-Dominated power market: The Colombian case," Renewable and Sustainable Energy Reviews, Elsevier, vol. 57(C), pages 1359-1372.
    4. Olaya, Yris & Arango-Aramburo, Santiago & Larsen, Erik R., 2016. "How capacity mechanisms drive technology choice in power generation: The case of Colombia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 56(C), pages 563-571.
    5. Gonzalez-Salazar, Miguel & Poganietz, Witold Roger, 2021. "Evaluating the complementarity of solar, wind and hydropower to mitigate the impact of El Niño Southern Oscillation in Latin America," Renewable Energy, Elsevier, vol. 174(C), pages 453-467.
    6. Zapata, Sebastian & Castaneda, Monica & Franco, Carlos Jaime & Dyner, Isaac, 2019. "Clean and secure power supply: A system dynamics based appraisal," Energy Policy, Elsevier, vol. 131(C), pages 9-21.
    7. Gil Ruiz, Samuel Andrés & Cañón Barriga, Julio Eduardo & Martínez, J. Alejandro, 2022. "Assessment and validation of wind power potential at convection-permitting resolution for the Caribbean region of Colombia," Energy, Elsevier, vol. 244(PB).
    8. Rafael Peña Gallardo & Adalberto Ospino Castro & Aurelio Medina Ríos, 2020. "An Image Processing-Based Method to Assess the Monthly Energetic Complementarity of Solar and Wind Energy in Colombia," Energies, MDPI, vol. 13(5), pages 1-17, February.
    9. Boute, Anatole, 2012. "Promoting renewable energy through capacity markets: An analysis of the Russian support scheme," Energy Policy, Elsevier, vol. 46(C), pages 68-77.
    10. Guerra, Omar J. & Tejada, Diego A. & Reklaitis, Gintaras V., 2019. "Climate change impacts and adaptation strategies for a hydro-dominated power system via stochastic optimization," Applied Energy, Elsevier, vol. 233, pages 584-598.
    11. Edsand, Hans-Erik, 2017. "Identifying barriers to wind energy diffusion in Colombia: A function analysis of the technological innovation system and the wider context," Technology in Society, Elsevier, vol. 49(C), pages 1-15.
    12. Nancy McCarthy & Heath Henderson, 2014. "The Role of Renewable Energy Laws in Expanding Energy from Non-Traditional Renewables," IDB Publications (Working Papers) 86813, Inter-American Development Bank.
    13. Mastropietro, Paolo & Batlle, Carlos & Barroso, Luiz A. & Rodilla, Pablo, 2014. "Electricity auctions in South America: Towards convergence of system adequacy and RES-E support," Renewable and Sustainable Energy Reviews, Elsevier, vol. 40(C), pages 375-385.
    14. Dimanchev, Emil G. & Hodge, Joshua L. & Parsons, John E., 2021. "The role of hydropower reservoirs in deep decarbonization policy," Energy Policy, Elsevier, vol. 155(C).
    15. Washburn, C. & Pablo-Romero, M., 2019. "Measures to promote renewable energies for electricity generation in Latin American countries," Energy Policy, Elsevier, vol. 128(C), pages 212-222.
    16. Jane Ebinger & Walter Vergara, 2011. "Climate Impacts on Energy Systems : Key Issues for Energy Sector Adaptation," World Bank Publications - Books, The World Bank Group, number 2271, December.
    17. McCarthy, Nancy & Henderson, Heath, 2014. "The Role of Renewable Energy Laws in Expanding Energy from Non-Traditional Renewables," IDB Publications (Working Papers) 6677, Inter-American Development Bank.

    More about this item

    Keywords

    wind energy; Colombia;

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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