Where is a lithium-ion battery project located in Colombia?

Located in the city of Barranquilla in northern Colombia, this project will consist of a 45 MWh lithium-ion battery energy storage system and is expected to reach commercial operation by June 2023. The project is granted with a 15-year revenue structure with the Colombian government and is indexed to the country's inflation or producer price index.

How much money will Colombia need to decarbonize power systems?

It is estimated that infrastructure investments will need to ramp up to $820 billion annually by 2030 to facilitate the decarbonization of power systems. A renewable energy transformation is already underway in Colombia; the country generated record levels of solar power in 2021.

Did Canadian Solar win the first Pure Storage tender in Colombia?

Dr. Shawn Qu, Chairman and CEO of Canadian Solar, commented, "We are very proud to have won this project in the first pure storage tender in Colombia. This is also our first energy storage project in the country and the Latin America region.

Is the Just Energy Transition an opportunity for decarbonizing Colombia's economy?

“In Colombia, we see the just energy transition not just as an opportunity for decarbonizing our national economy, but also as an opportunity to achieve long-term environment and economic sustainability through an inclusive strategy where citizens are at the center of the transition.

How much energy does Colombia use?

businesses.4In 2021, Colombia’s total final energy consumption reached 1,319 petajoules (PJ). Fossil fuels accounted for 67% of this total, with oil being the primary energy source (49%), followed by natural gas (11%) and coal (7.1%).5 Electricity, primarily sourced from hydropower, constituted the second-highest consumed en

How did Colombia win a mining project?

The project was awarded in the public tender launched by Colombia's Ministry of Energy and Mines, via its affiliate UPME, the Mining and Energy Planning Unit.