financetom
Business
financetom
/
Business
/
Colombia's first offshore wind energy auction lures global interest
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Colombia's first offshore wind energy auction lures global interest
Feb 27, 2025 7:56 AM

BOGOTA (Reuters) - Companies from around the world have proposed to develop 69 offshore areas in Colombia's first offshore wind energy auction, the South American country's National Hydrocarbons Agency (ANH) said on Thursday.

WHY IT'S IMPORTANT

The auction is a significant step toward President Gustavo Petro's goal of diversifying the energy sector and reducing dependency on oil and coal.

The preliminary list of companies showing interest in the wind energy auction includes groups from Belgium, Britain, China and Spain, as well as Colombian companies, such as Ecopetrol.

KEY QUOTES

"Once the suitability of the proposals is verified, the approved companies will be able to make offers on areas of interest, with the option of being awarded a maximum of two (projects)," an ANH statement said.

BY THE NUMBERS

The Colombian government aims to award projects that can lead to a minimum installed capacity of power generation of 1 gigawatt from the auction, with each project requiring a minimum installed capacity of 200 megawatts.

The broader goal from Petro's administration is to reach 7 gigawatts of installed offshore wind power capacity by 2040.

While a deposit for offers can be submitted through the end of May, a date for when projects will be awarded has yet to be made public.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BRIEF-Diginex Announces 8 to 1 Stock-Split Paid As Bonus Shares (August 18)
BRIEF-Diginex Announces 8 to 1 Stock-Split Paid As Bonus Shares (August 18)
Aug 25, 2025
Aug 18 (Reuters) - Diginex Ltd ( DGNX ): * DIGINEX ANNOUNCES 8 TO 1 STOCK-SPLIT PAID AS BONUS SHARES Source text: Further company coverage: ...
Avery Dennison to Buy Meridian's Flooring Adhesives Business for $390 Million
Avery Dennison to Buy Meridian's Flooring Adhesives Business for $390 Million
Aug 25, 2025
04:47 PM EDT, 08/25/2025 (MT Newswires) -- Avery Dennison (AVY) agreed to buy the US-based flooring adhesives business of Meridian Adhesives Group for $390 million. Meridian's flooring adhesives business, projected to generate 2025 revenue of $110 million, will join Avery Dennison's materials group segment following the deal's close. The acquisition is expected to close in Q4 and is not anticipated...
Chile regulator raises bar to restart zones shuttered by Codelco mine collapse
Chile regulator raises bar to restart zones shuttered by Codelco mine collapse
Aug 25, 2025
SANTIAGO, Aug 25 (Reuters) - Chile's mining regulator Sernageomin has added requirements for Codelco to restart areas affected by a deadly collapse at its El Teniente copper mine in July, according to a document seen by Reuters on Monday. The regulator will now require a follow-up and monitoring plan for the stability and safety of mining operations across all underground...
Amazon Insider Sold Shares Worth $4,403,259, According to a Recent SEC Filing
Amazon Insider Sold Shares Worth $4,403,259, According to a Recent SEC Filing
Aug 25, 2025
05:27 PM EDT, 08/25/2025 (MT Newswires) -- Andrew R Jassy, Director, President and CEO, on August 21, 2025, sold 19,872 shares in Amazon ( AMZN ) for $4,403,259. Following the Form 4 filing with the SEC, Jassy has control over a total of 2,253,915 common shares of the company, with 2,178,502 shares held directly and 75,413 controlled indirectly. SEC Filing:...
Copyright 2023-2026 - www.financetom.com All Rights Reserved