Opportunities Preloader

Please Wait.....

Report

Colombia Power - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)

Market Report I 2025-07-01 I 100 Pages I Mordor Intelligence

Colombia Power Market Analysis

The Colombia Power Market size in terms of production capacity is expected to grow from 22.77 gigawatt in 2025 to 28 gigawatt by 2030, at a CAGR of 4.22% during the forecast period (2025-2030).

The growth path stems from policy-backed diversification away from hydropower dominance, rising industrial electrification, and stronger climate-resilience planning. Following the 2024 El Nino, natural-gas use for thermal generation swelled by 233%, exposing hydro-dependency risks and prompting accelerated solar and wind adoption. Robust auction pipelines, a supportive fiscal regime, and grid-modernisation projects by ISA Intercolombia further reinforce capacity additions, while emerging green-hydrogen hubs promise flexible demand that deepens electrification. On the demand side, industrial automation, data-centre roll-outs, and residential appliance uptake collectively lift annual electricity consumption, obliging regulators to streamline tariffs and expand sub-transmission assets.

Colombia Power Market Trends and Insights



Rising electricity demand from industrial & digital growth

Industrial electrification, data-centre proliferation, and Colombia's target of 63% internet penetration by 2026 are lifting power needs well above historical growth. Nationwide demand grew 5.48% year on year in February 2024 as automated mining, e-commerce logistics, and AI adoption widened the load profile. The Caribbean region tops consumption, mirroring its manufacturing parks and fiber-optic corridors. Rising loads stress 115 kV circuits, spurring utilities to accelerate capacitor-bank deployments and flexible demand programmes. These shifts fortify revenue visibility for forthcoming solar and gas-peaking projects, sustaining the Colombia power market expansion.

Government renewable-energy auctions & incentives (Law 1715)

The auction mechanism awarded 4.4 GW of new solar capacity in 2024 at a record-low USD 18.2/MWh, underscoring the cost edge of utility-scale photovoltaics. Law 1715 enhances returns through VAT exemptions, accelerated depreciation, and 20-year contracts that socialise demand risk. Recent reforms allow self-generators up to 5 MW to sell surplus power without wheeling charges, widening market entry. The Ministry of Mines and Energy expects an additional 2,550 MW of renewable capacity during 2025, creating 6,000 jobs and COP 3.7 trillion in economic value review. These levers underpin a resilient project pipeline feeding the Colombia power market.

Hydrology dependency & El Nino supply variability

The 2024 El Nino cut reservoir inflows sharply, forcing generators to treble gas burn and lifting spot prices 23% to COP 763.48/kWh. With 58.1% of capacity still hydro-based, drought spells expose consumers to volatility and generators to liquidity crunches. Research shows solar and wind complement the dry-season resource gap, yet rollout speed lags immediate system needs. Revised reservoir management rules and hedging via firm energy options partially offset the strain, but the risk remains material for the Colombia power market.

Other drivers and restraints analyzed in the detailed report include:

Abundant hydro resources & favourable renewable potential / Grid-modernisation investments led by ISA Intercolombia / Social opposition & indigenous consultations delaying RE projects /

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Hydropower retained 58.1% of Colombia's power market share in 2024, providing the bulk of 22.77 GW installed capacity. Thermal assets stay indispensable for reliability, but rising gas prices and carbon constraints narrow their dispatch window. Wind resources in La Guajira promise scale yet face social bottlenecks, tilting near-term growth to solar. Solar capacity reached 1,773 MW by April 2024 after USD 1 billion flowed into 33 new plants.

The Colombia power market size for utility solar is expected to top 5 GW by 2027, while geothermal and biomass carve out niche roles backed by EDF and Ecopetrol pilots. Government plans envisage a 35% jump in renewable additions during 2025, underpinned by the USD 40 billion transition roadmap. Together, these trends cement an irreversible pivot toward a diversified, lower-carbon generation stack within the Colombia power market.

The Colombia Power Market Report is Segmented by Generation (Conventional Thermal, Hydroelectric, and Non-Hydro Renewable), Transmission and Distribution Voltage Levels (Transmission, Sub-Transmission, and Distribution), and End-User (Residential, Commercial and Industrial, and Utilities). The Market Size and Forecasts are Provided in Terms of Installed Capacity (GW).

List of Companies Covered in this Report:

ISAGEN SA / Empresas Publicas de Medellin (EPM) / Celsia SA ESP / Enel Colombia / AES Colombia / TermoCandelaria Power Ltd / Grupo Energia Bogota (GEB) / ISA Intercolombia / Prime Energia Colombia / GENSA (Termopaipa) / Vatia Energia / Ventus Ingenieria SA / Grenergy Renovables Colombia / EDF Renewables Colombia / Canadian Solar Colombia / Trina Solar LatAm / Atlantica Sustainable Infrastructure / Ecopetrol - Generation Subsidiary / Grupo Celsia - EPSA / Siemens Energy Colombia /

Additional Benefits:

The market estimate (ME) sheet in Excel format /
3 months of analyst support /

1 Introduction
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape
4.1 Market Overview
4.2 Installed Capacity Analysis
4.3 Market Drivers
4.3.1 Rising electricity demand from industrial & digital growth
4.3.2 Abundant hydro resources & favourable renewable potential
4.3.3 Government renewable-energy auctions & incentives (Law 1715)
4.3.4 Grid-modernisation investments led by ISA Intercolombia
4.3.5 Emerging green-hydrogen hubs spurring flexible generation
4.3.6 Andean cross-border interconnections enabling power exports
4.4 Market Restraints
4.4.1 Hydrology dependency & El Nino supply variability
4.4.2 Regulatory uncertainty over tariff adjustments
4.4.3 Transmission bottlenecks delaying project execution
4.4.4 Social opposition & indigenous consultations delaying RE projects
4.5 Supply-Chain Analysis
4.6 Regulatory Landscape
4.7 Technological Outlook
4.8 Porter's Five Forces
4.8.1 Threat of New Entrants
4.8.2 Bargaining Power of Suppliers
4.8.3 Bargaining Power of Buyers
4.8.4 Threat of Substitutes
4.8.5 Competitive Rivalry
4.9 PESTLE Analysis

5 Market Size & Growth Forecasts
5.1 By Generation
5.1.1 Conventional Thermal (Gas-fired, Coal-fired and Oil-fired)
5.1.2 Hydroelectric (Large Hydro and Small and Medium Hydro)
5.1.3 Non-hydro Renewable (Solar PV, Wind, Biomass and Waste and Geothermal)
5.2 By Transmission and Distribution Voltage Level
5.2.1 Transmission (230 kV and 500 kV)
5.2.2 Sub-Transmission (115 kV)
5.2.3 Distribution (Below 57.5 kV)
5.3 By End User
5.3.1 Residential
5.3.2 Commercial and Industrial
5.3.3 Utilities

6 Competitive Landscape
6.1 Market Concentration
6.2 Strategic Moves (M&A, Partnerships, PPAs)
6.3 Market Share Analysis (Market Rank/Share for key companies)
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
6.4.1 ISAGEN SA
6.4.2 Empresas Publicas de Medellin (EPM)
6.4.3 Celsia SA ESP
6.4.4 Enel Colombia
6.4.5 AES Colombia
6.4.6 TermoCandelaria Power Ltd
6.4.7 Grupo Energia Bogota (GEB)
6.4.8 ISA Intercolombia
6.4.9 Prime Energia Colombia
6.4.10 GENSA (Termopaipa)
6.4.11 Vatia Energia
6.4.12 Ventus Ingenieria SA
6.4.13 Grenergy Renovables Colombia
6.4.14 EDF Renewables Colombia
6.4.15 Canadian Solar Colombia
6.4.16 Trina Solar LatAm
6.4.17 Atlantica Sustainable Infrastructure
6.4.18 Ecopetrol - Generation Subsidiary
6.4.19 Grupo Celsia - EPSA
6.4.20 Siemens Energy Colombia

7 Market Opportunities & Future Outlook
7.1 White-space & Unmet-Need Assessment

  • Not Sure / Need Reassuring
    • Confirm Content
      • Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:

        Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.

        Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.

        Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.

    • Sample Pages
      • With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.

        It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.

        To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.

    • Check for Alternatives
      • Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.

        To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.

  • Prices / Formats / Delivery
    • Prices
      • All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.

        Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.

    • Discounts
      • As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.

        Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.

        To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.

    • Available Currencies
      • Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.

        Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.

        To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.

    • Licenses
      • License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.

        If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.

    • Global Site License
      • The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.

        It is important to note that this may exclude Parent Companies or Subsidiaries.

        If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.

    • Formats
      • The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.

        If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.

    • Delivery
      • Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.

        Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.

        If a delay in delivery is expected you will be informed about it immediately.

    • Shipping Charges
      • As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.

        If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.

  • Ordering
    • By Credit Card
      • We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.

        Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.

        For more information on PayU please visit: https://www.payu.pl/en/about-us

    • By Money Transfer
      • If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.

        With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.

  • Security
    • Website security
      • We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.

        Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.

    • Credit Card Security
      • We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.

        PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.

PLEASE SELECT LICENSE
  • $4750.00
  • $5250.00
  • $6500.00
  • $8750.00
  • ADD TO BASKET
  • BUY NOW