Progress of energy storage projects in colombia

What is Ecopetrol doing in Colombia?

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

How does the IEA support Colombia's energy transition?

The IEA supports Colombia’s agenda for a just energy transition. Experience from the IEA’s Global Commission on People-Centred Transitions provides useful learnings for the government of Colombia, helping to boost local economic benefits and the transition to clean energy and new job opportunities.

Does Colombia have a decarbonised power sector?

Colombia has a largely decarbonised power sector thanks to the significant role of hydropower and bioenergy. Electricity demand is expected to increase as a result of economic growth and the electrification of end-use sectors, an opportunity to decarbonise the transport sector over time.

What percentage of Colombia's energy is renewable?

In 2021, renewable energy accounted for 25% of Colombia’s total energy supply and for 29% of final consumption, substantially above the IEA average of 14% and made up 75% of electricity generation (compared to the IEA average of 30%).

Does Colombia have a natural resource base?

Colombia enjoys a strong natural resource base. Renewables accounted for more than a third of total final energy consumption in 2020, thanks to the significant role of conventional hydropower and bioenergy.

How does income inequality affect energy policy in Colombia?

Colombia’s high degree of income inequality influences energy policy making. Despite recent progress, in 2021, 3% of the population did not have access to electricity. Colombia still has 1 million families, or 6% of households, relying on firewood for cooking, lacking access to modern cooking fuels.