Colombian energy storage capacity

Why is battery storage important in Colombia?

Battery storage is important in Colombia as an initial auction for battery storage was successful to optimise the use of the transmission grid.

What percentage of Colombia's energy is renewable?

In 2021, 25% of Colombia’s total energy supply came from renewable sources, which was 29% of final consumption. This is substantially above the IEA average of 14%.

Does Colombia have geothermal potential?

Colombia’s geothermal development enjoys substantial potential along the Pacific ring of fire. In 2023, work is under way on updating the National Energy Plan (PEN) towards 2050, in line with Colombia’s new National Development Plan 2022-2026 (PND) and energy and climate goals towards decarbonisation.

Is Colombia a major oil exporter?

The country is also a significant oil exporter; in 2021, it was the fifth-largest crude oil exporter to the United States. Energy consumption in Colombia totaled 1.7 quadrillion British thermal units (quad) in 2020. At 31%, oil accounted for the largest share of Colombia’s total energy consumed (Figure 1).1 Figure 1.

How much coal does Colombia use?

Despite being a major coal producer, Colombia uses very little coal domestically, instead exporting most of its coal production. Colombia's total petroleum and other liquids production fell from 808,000 barrels per day (b/d) in 2020 to an average of 760,000 b/d in 2021, continuing a production decline trend from recent years (Figure 2).

What is Ecopetrol doing in Colombia?

In Colombia, Ecopetrol (Empresa Colombiana de Petroleos) is supporting the shift to low-carbon energy with investment plans for clean energy technology.