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  • 26/12/2025
  • 265
  • Industry

ExpoSolar Colombia Trade Fair

As of 2025-2026, the solar energy industry in Colombia is undergoing a massive transformation, shifting from a hydro-dependent nation to a regional solar powerhouse.

1. Market Growth & Capacity Targets

  • Installed Capacity: Colombia’s solar capacity is projected to reach approximately 2.25 GW by 2025 and continue its rapid climb toward a 2026 goal of 6 GW of non-conventional renewable energy.

  • Growth Rate: The market is expanding at a CAGR of over 30%. By 2026, solar and wind are expected to account for roughly 26% of the country’s total energy production.

  • Diversification: The government is aggressively pushing solar to reduce vulnerability to El Niño phenomena, which frequently cripples the country's hydropower generation.

2. Strategic Projects for 2026

Several flagship projects are scheduled for completion or full operational scale by 2026:

  • Gecelca Solar: A massive project announced in late 2025, aiming for 650 MW to benefit over 500,000 families on the Caribbean coast.

  • Voltalia’s Los Venados: A 19.7 MW plant in Tolima, with commissioning scheduled for Q1 2026, backed by 15-year private sector PPAs.

  • Enel Green Power: Continuing expansion in the Atlántico and Cesar regions, with projects like La Loma (187 MW) and Guayepo (400 MW+) serving as the backbone of the grid.

  • Cox Group: Developing 15 distributed generation projects (1 MW each) specifically targeted for completion across 2025 and 2026.

3. Investment Incentives & Regulations

The National Development Plan 2022–2026 ("Colombia Global Power of Life") allocates approximately $23 billion to the energy transition. Key incentives include:

  • Tax Deductions: Investors can deduct up to 50% of their investment from income tax over 15 years.

  • VAT & Tariff Exemptions: Exclusion of VAT on solar equipment and 0% tariffs on imported goods not produced locally.

  • Accelerated Depreciation: Assets can be depreciated faster to improve short-term cash flow for developers.

  • Energy Communities: A unique 2026 target to establish 20,000 "Energy Communities", allowing marginalized areas to generate and sell their own solar power.

4. Top Industry Players (2026 Leaders)

The competitive landscape is a mix of global giants and strong local utilities:

  • Enel Green Power: The dominant player with the largest utility-scale portfolio.

  • Celsia S.A.: A local leader aggressively pivoting from traditional to solar assets.

  • Ecopetrol: The state oil giant is now a major solar investor, using renewables to power its own industrial refineries.

  • Trina Solar & Canadian Solar: Key technology providers and project developers.

  • Ventus Ingeniería: A significant player in the construction and engineering of medium-scale plants.

Come and Join the 10th ExpoSolar show to open its doors on October 28-30, 2026 at Corferias Bogota, to explore the incredible potential of the Solar Industry in Colombia and take your share out of this huge cake. 

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