Summary
Renewable Energy in Colombia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Renewable energy market includes net generation of electricity through renewable sources. Market is segmented into hydroelectricity, wind, solar PV, biopower, and geothermal. Market volume represents the net volume of electricity produced through renewable means. Market value is calculated by multiplying the amount of electricity produced by the wholesale price.
- The Colombian renewable energy market recorded revenues of $4,152.9 million in 2024, representing a compound annual growth rate (CAGR) of 2.6% between 2019 and 2024.
- Market production volume increased with a CAGR of 2.6% between 2019 and 2024, reaching a total of 62,267.6 GWh in 2024.
- Colombia’s climate and pollution goals have significantly supported the growth of its renewable energy market by driving a structural shift away from fossil fuel dependence. According to the US Energy Information Administration (EIA), in 2024, the proportion of fossil fuels in total power generation in Colombia reached 27.3%, down from 26.5% in 2023.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the renewable energy market in Colombia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the renewable energy market in Colombia
- Leading company profiles reveal details of key renewable energy market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Colombia renewable energy market with five year forecasts
Reasons to Buy
- What was the size of the Colombia renewable energy market by value in 2024?
- What will be the size of the Colombia renewable energy market in 2029?
- What factors are affecting the strength of competition in the Colombia renewable energy market?
- How has the market performed over the last five years?
- Who are the top competitors in Colombia's renewable energy market?
'
Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
8 Company Profiles
8.1. Grupo Energia Bogota SA ESP
8.2. Celsia SA ESP
8.3. Enel Americas SA
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Colombia renewable energy market value: $ million, 2019-24
Table 2: Colombia renewable energy market volume: GWh, 2019-24
Table 3: Colombia renewable energy market category segmentation: % share, by value, 2019-24
Table 4: Colombia renewable energy market category segmentation: $ million, 2019-24
Table 5: Colombia renewable energy market geography segmentation: $ million, 2024
Table 6: Colombia renewable energy market value forecast: $ million, 2024-29
Table 7: Colombia renewable energy market volume forecast: GWh, 2024-29
Table 8: Grupo Energia Bogota SA ESP: Key Facts
Table 9: Grupo Energia Bogota SA ESP: Annual Financial Ratios
Table 10: Grupo Energia Bogota SA ESP: Key Employees
Table 11: Celsia SA ESP: Key Facts
Table 12: Celsia SA ESP: Annual Financial Ratios
Table 13: Celsia SA ESP: Key Employees
Table 14: Enel Americas SA: Key Facts
Table 15: Enel Americas SA: Annual Financial Ratios
Table 16: Enel Americas SA: Key Employees
Table 17: Colombia Size of Population (Million), 2020-24
Table 18: Colombia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 19: Colombia GDP (Current Prices, $ Billion), 2020-24
Table 20: Colombia Inflation, 2020-24
Table 21: Colombia Consumer Price Index (Absolute), 2020-24
Table 22: Colombia Exchange Rate, 2019-24
List of Figures
Figure 1: Colombia renewable energy market value: $ million, 2019-24
Figure 2: Colombia renewable energy market volume: GWh, 2019-24
Figure 3: Colombia renewable energy market category segmentation: $ million, 2019-24
Figure 4: Colombia renewable energy market geography segmentation: % share, by value, 2024
Figure 5: Colombia renewable energy market value forecast: $ million, 2024-29
Figure 6: Colombia renewable energy market volume forecast: GWh, 2024-29
Figure 7: Forces driving competition in the renewable energy market in Colombia, 2024
Figure 8: Drivers of buyer power in the renewable energy market in Colombia, 2024
Figure 9: Drivers of supplier power in the renewable energy market in Colombia, 2024
Figure 10: Factors influencing the likelihood of new entrants in the renewable energy market in Colombia, 2024
Figure 11: Factors influencing the threat of substitutes in the renewable energy market in Colombia, 2024
Figure 12: Drivers of degree of rivalry in the renewable energy market in Colombia, 2024
