Colombia | January 27, 2021
On January 18, the directors of Greenwood Energy met the leadership of the Republic of Colombia to discuss the outlook for the domestic energy sector and the investment plans that Greenwood has for the country. The meeting was held in the presidential palace and was attended by the President of the Republic, Iván Duque Márquez, who, together with the Chief of Staff, María Paula Correa, and the Minister of Mines and Energy, Diego Mesa, welcomed the delegation headed by the CEO of Greenwood Energy and Executive Vice President, Energy, of the Libra Group, Camilo Patrignani, the Director for Colombia of Greenwood Energy, Guido Patrignani, and the company’s VP of Institutional Relations, Javier Andrés Reyes. During the meeting, possible solutions to the complex situation of power infrastructure in the Caribbean Region were also discussed, as well as the importance of investments focused on diversifying the country’s energy matrix in the face of growing climate change.
Colombia has played a pivotal role in Latin America’s energy transition, generating more than 70% of its power through clean sources. While this historical achievement represents an example for the region, challenges remain – particularly because of Colombia’s dependence on hydraulic generation that is susceptible to increasingly frequent and extreme droughts. A greater diversification of the power matrix could be achieved through distributed generation projects based on alternative technologies. This would also help to release capacity at saturated power grids in the areas affected by this problem.