Colombia has launched its first auction process for offshore wind energy concessions. The specified blocks are located in the Caribbean's offshore regions, near the Colombian provinces of Magdalena, Atlantico, Bolivar, and Sucre.
Each proposed project must possess a minimum capacity of 200 megawatts. These temporary permits will grant developers exclusive rights to specific maritime areas for a duration of 8 years. Throughout this period, developers will undertake feasibility studies, and projects deemed viable will be eligible to secure a 30-year concession.
The National Hydrocarbons Agency (ANH) is anticipated to release the list of qualified companies on 21 April 2024. Submissions will be open until 24 August 2024, with the areas set to be allocated in late December 2024. In its initial round for offshore wind, Colombia aims to allocate around 3GW across a 12,000 km2 area, aligning with its goal of achieving 7GW of offshore wind capacity by 2040.
