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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: http://www.cramton.umd.edu/papers2010-2014/vergara-deep-toba-cramton-leino-wind-energy-in-colombia.pdf
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    Cited by:

    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    6. Jane Ebinger & Walter Vergara, 2011. "Climate Impacts on Energy Systems : Key Issues for Energy Sector Adaptation," World Bank Publications, The World Bank, number 2271.
    7. Nancy McCarthy & Heath Henderson, 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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