Otto Gunderson

With strong natural resources and a government that has passed significant legislation to encourage solar, utility-scale PV is poised for growth. However, in order to attract key international investment, the government must ensure stability and encourage long-term investment. By doing so, Colombia can continue to utilize its natural resources while shifting from its current hydropower reliance. A new energy matrix, with solar playing a much larger role, looks to be in the future.

Finding ways to incorporate retail investors into climatetech and renewable project financing will simultaneously diversify economic benefits, open a significantly larger pool of capital, and create far more stakeholders in the transition to clean energy.

Incorporating new renewable projects, especially solar, into the matrix can take advantage of Colombia's naturally high radiation, reduce reliance on hydropower in the overall energy matrix, and allow communities currently relying on diesel to switch to a more sustainable option.