Colombia Renewable Energy Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2025 - 2030)

The Renewable Energy Market in Colombia is Segmented by Type (Hydropower, Bioenergy, and Other Renewables). The report offers the installed capacity and forecasts for nuclear power in capacity (GW) for all the above segments.

Colombia Renewable Energy Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2025 - 2030)

Colombia Renewable Energy Market Size

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Colombia Renewable Energy Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 2.60 %
Market Concentration Medium

Major Players

Colombia Renewable Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Colombia Renewable Energy Market with other markets in Energy & Power Industry

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Energy Storage Technology

Colombia Renewable Energy Market Analysis

The Colombia Renewable Energy Market is expected to register a CAGR of greater than 2.6% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.

  • Over the long term, factors such as supportive government policies and efforts to meet the rising power demand using renewable energy sources are expected to contribute to the market's growth significantly.
  • On the other hand, factors like unfavorable climatic conditions and the use of other conventional energy sources, such as coal and natural gas, are a few restraining factors for the Colombia renewable energy market.
  • Nevertheless, the country has great potential for renewable energy-based electricity generation. The growing focus on clean energy to reduce power generation from fossil fuels is expected to offer essential investment opportunities for local companies within the country.

Colombia Renewable Energy Industry Overview

The Colombia renewable energy market is moderately consolidated. Some of the major companies (in no particular order) include Celsia SAESP, DNV GL AS, Enel Green Power SpA, Ventus Ingeniería S.R.L, and EDP Renovaveis SA.

Colombia Renewable Energy Market Leaders

  1. Celsia SAESP

  2. DNV GL AS

  3. Enel Green Power SpA

  4. EDP Renovaveis SA

  5. Ventus Ingeniería S.R.L

  6. *Disclaimer: Major Players sorted in no particular order
Colombia Renewable Energy Market Concentration
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Colombia Renewable Energy Market News

  • April 2022- Greenwood Energy, the Latin American renewable energy subsidiary of the Libra Group, and the Confederación Indígena Tayrona (CIT), the organization of the Arhuaco people from Colombia, announced the launch of the Terra Initiative, a utility-scale solar project in Colombia's Sierra Nevada de Santa Marta mountains. The first-of-its-kind project was created in partnership with the Arhuaco people and is designed to support the preservation and reforestation of land that the International Union for Conservation of Nature describes as the most irreplaceable nature reserve in the world.
  • March 2022- Trina Solar Co., Ltd won a 40MWac solar project in Cambodia Kampong Chnang province. Electricité du Cambodge provides land and transmission access and will purchase electricity generated by the project under a long-term power purchase agreement. The tender process was split into two parts. The first phase has a capacity of 60MWac, and the second phase has a capacity of 40MWac.

Colombia Renewable Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Renewable Energy Mix, 2021
  • 4.3 Installed Capacity and Forecast in GW Till 2027
  • 4.4 Recent Trends and Developments
  • 4.5 Government Policies and Regulations
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.2 Restraints
  • 4.7 Supply Chain Analysis
  • 4.8 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Hydropower
    • 5.1.2 Bioenergy
    • 5.1.3 Other Renewables

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Celsia SAESP
    • 6.3.2 DNV GL AS
    • 6.3.3 Enel Green Power SpA
    • 6.3.4 EDP Renovaveis SA
    • 6.3.5 Ventus Ingeniería S.R.L
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Colombia Renewable Energy Industry Segmentation

Renewable energy is energy produced from sources like the sun and wind that are naturally replenished and do not run out. Renewable energy sources are plentiful and all around us. The Colombia Renewable Energy Market is segmented by Type (Hydropower, Bioenergy, and Other Renewables). The report offers the installed capacity and forecasts for nuclear power in capacity (GW) for all the above segments.

Type Hydropower
Bioenergy
Other Renewables
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Colombia Renewable Energy Market Research FAQs

What is the current Colombia Renewable Energy Market size?

The Colombia Renewable Energy Market is projected to register a CAGR of greater than 2.6% during the forecast period (2025-2030)

Who are the key players in Colombia Renewable Energy Market?

Celsia SAESP, DNV GL AS, Enel Green Power SpA, EDP Renovaveis SA and Ventus Ingeniería S.R.L are the major companies operating in the Colombia Renewable Energy Market.

What years does this Colombia Renewable Energy Market cover?

The report covers the Colombia Renewable Energy Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Colombia Renewable Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Colombia Renewable Energy Industry Report

The Colombia renewable energy market is poised for significant growth, driven by a robust compound annual growth rate and supported by the country's rich natural resources and supportive government policies. The market, segmented into hydropower, bioenergy, and other renewable energies such as solar and wind, is expected to see substantial growth in the 'others' segment due to rapid technological advancements and government subsidies. Hydropower remains a steady growth segment, while bioenergy expands due to cleaner, more efficient processes. The Colombia renewable energy market size is set to increase, bolstered by growing electricity demand, sustainable power initiatives, and heightened awareness of renewable benefits. However, challenges like grid integration, financial and investment barriers, and environmental concerns could impede market share and size growth. Despite these obstacles, ongoing technological advancements and private sector involvement are anticipated to create lucrative opportunities, propelling the sector forward. For detailed statistics on the Colombia renewable energy market share, size, and revenue growth rate, consider accessing Mordor Intelligence™ Industry Reports, which offer a comprehensive market forecast outlook and historical overview, available as a free report PDF download.