Colombia’s hurdles to developing a viable renewable energy sector

Summary: Despite its hydro-centric energy matrix, Colombia has yet to establish a true renewable energy sector. The government needs to address three key issues if investors are to take the country seriously: the capacity payment scheme needs restructuring; the transmission grid needs expanding into the Guajira peninsula; and the clubby oligopolistic nature of the electricity sector addressed. Until then, Colombia’s boast of a low carbon economy will remain more the result of fortuitous geography than of any concerted effort.

About the AuthorCarlos St. James is a leading advisor to energy investors and developers in emerging markets. He co-founded and presided over the Argentine Renewable Energies Chamber from 2005-2011; has been a board member of the Latin American & Caribbean Council on Renewable Energy since 2010; and publishes the Latin American Energy Review in his free time to help generate debate on the industry’s issues.

He will speak at the LAC-CORE Clean Energy Finance Summit, June 13-15, 2017 in Miami, where the Colombian market and many other issues will be discussed.

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Russia using Latin American decoy to gain control of U.S. energy assets

Summary: Venezuela recently gave Russia’s oil company a lien on its U.S. assets — one of the ten largest refinery companies in the country — in exchange for what seems at first glance a remarkably small loan. Upon its inevitable default, Russia will have control over strategic energy assets in the U.S. This geopolitical gambit will have signifiant repercussions for all Latin America.

About the Author: Carlos St. James is a leading advisor to energy investors and developers in emerging markets since 2005 through Santiago & Sinclair, LLC. He co-founded and presided over the Argentine Renewable Energies Chamber from 2005-2011; has been a board member of the Latin American & Caribbean Council on Renewable Energy since 2010; and publishes the Latin American Energy Review in his free time to help generate debate on the industry’s issues.

He will speak at next year’s LAC-CORE Clean Energy Finance Summit to be held in June 13-15, 2017 in Miami, Florida, as well as at the Mexico International Renewable Energy Congress on May 8-12.

Continue reading “Russia using Latin American decoy to gain control of U.S. energy assets”

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