In 2023, Colombia kicked off South America's first offshore wind leasing auction with final seabed awards expected in August 2025.
Last month, in December 2024, eight prequalified bidders were announced, representing a diverse mix of international and local players, with varying levels of experience in offshore wind development.
In Aegir Insights' new Market Playbook, available to our clients here, we dive into Colombia's offshore wind market, covering:
🔹 Insights into the ongoing offshore wind auction
🔹 Key drivers and barriers
🔹 LCoE analysis
and more.
Reach out to us here for the latest insights on Colombia and stay ahead of your competitors with Aegir Insights’ offshore wind intelligence.
First offshore wind lease auction in Colombia
On 21 December 2023 Colombia kicked off not only the country's first offshore wind auction, but also the first offshore wind auction to launch in all of South America.
The offshore wind lease auction is for seabed within a predefined area of more than 9000 km2 in total, of which around 1000 km2 are pre-investigated, located off the cities of Barranquilla and Cartagena in the North of Colombia. The area has good wind speeds and potential for a few GWs of fixed-bottom offshore wind.
But looking at a map of offshore wind speeds in northern Colombia, the strongest winds are not entirely in the tender area. Rather, the best wind resources are found north of the tender area, off the city of Santa Marta and around the peninsula of La Guajira.
However, the region around Barranquilla and Cartagena has a more ready market and better grid for offshore wind, which is why the first tender focuses on this area.
Results of Colombia's first offshore wind auction are expected in mid-2025.
Aegir's clients can get more insights on the auction timeline, criteria and prequalified bidders in our Colombia Market Playbook.
Aegir Newsletter: Stay up-to-date with developments in offshore wind and new analysis by Aegir Insights
Delivered straight to your inbox, Aegir Insights' intelligence newsletter will sharpen your market insight. Get exclusive analysis on key markets, developments and technologies shaping offshore wind.