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CAMMESA received eight applications in a new round of the Renewable Energy Term Market, although only 50 MW have full, unrestricted evacuation capacity. Five of the eight projects are solar and are competing for space in corridors with technical limitations.
The new mechanism introduces technology-specific products, extends commissioning deadlines to 2035, and formally recognises energy storage as a core asset for power system reliability. The revised rules aim to correct past design flaws and attract new players to the Colombian electricity market.
Selected projects may gain access to funding through IRENA-backed platforms such as the Climate Investment Platform (CIP) and the Energy Transition Accelerator Financing (ETAF), with proposals submitted before 1 March 2026 receiving priority consideration.