Resolution No. 40179 defines the parameters for long-term contracting auctions for electricity generation projects.It convokes a long-term energy contract auction for renewable energy projects. It sets key parameters for the auction process, such as:
1- Energy Demand: It outlines the target demand for renewable energy to be auctioned
2- Contract Period: It defines the contract length and when the obligations to supply electricity begin.
3- Renewable Energy Targets: It supports the goal to incorporate non-conventional renewable energy sources into the country’s energy matrix, as outlined in the National Expansion Plan.
4- Previous Auctions: It acknowledges prior energy contracts and identifies a gap in meeting renewable energy goals for 2031.
This resolution aims to bolster energy generation, especially from NCRES, as part of Colombia's commitment to reducing carbon emissions and enhancing energy security.
