CASTANO-GOMEZ, Manuela    GARCIA-RENDON, John Jairo. Installed capacity of photovoltaic solar energy in Colombia: An analysis of economic incentives. []. , 93, pp.23-64.   07--2021. ISSN 0120-2596.  https://doi.org/10.17533/udea.le.n93a338727.

Due to the abrupt drop in the worldwide energy generation levelized cost of non-conventional renewable technologies (in the case of the markets in the United States between 39 to 152 USD/MWh for photovoltaic solar energy and between 26 to 50 USD/MWh for wind energy), the use of mechanisms such as Feed in Tariff have been replaced by auctions, as a viable market mechanism to encourage investment on these generation sources. Based on Bass’s technology diffusion model, this paper analyzes the impact of current incentives, considered in Law 1715 of 2014, on investment in photovoltaic solar energy in Colombia. The main results of the large-scale project scenario show an installed capacity 1542 MW of solar PV by 2030, which makes it the most profitable and the one with the highest growth potential. The contribution in this paper is to survey the Colombian electricity market potential on the inclusion of solar PV.

Clasificación JEL: K2, L21, L51.

: energy management; economic regulation; non-conventional renewable energy; technological innovation.

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