SoWiTec enters wind energy market in Colombia

Wind resources in Colombia have been identified amongst the most promising in South America with a theoretical wind power potential of several Gigawatts. Still the country has installed only a few wind turbines up to now while the electricity sector is dominated by large hydro power plants and thermal energy. Despite Colombia’s rich deposits of energy sources like natural gas and coal reserves, the interest in its nonconventional renewable energy market is growing mainly due to climate concerns and predicted growing energy demands.

Colombia is expected to establish a framework for renewable energies within the upcoming years. As investments into the country have tax benefits and the economy has experienced a strong growth during the past years, this promising market opens up new excellent business opportunities for SoWiTec and helps expanding their market presence in the Latin America.

SoWiTec Energias Renovables de Colombia S.A.S. has been registered beginning of 2013 and will operate from their office in Bogota focusing on wind energy and solar project development in the country’s Northern regions.

SoWiTec is one of the largest developers for renewable energy projects in Latin America and Russia. With its activities in those markets, the company counts with a pipeline of several thousand Megawatts under development in different stages ranging from green field to fully permitted and build ready projects. Key markets like Mexico, Uruguay and Brazil have already been entered a few years ago so that the company has established its presence in those markets by successfully selling and contracting several projects. Steadily grown during the past years and now counting with more than 200 employees in eight countries, SoWiTec is opening up further markets to strengthen its worldwide position.

Source: SoWiTec

Similar Entries

Energy Taiwan is the largest and most professional renewable energy trading platform in Taiwan

Energy Taiwan is jointly organized by the Taiwan External Trade Development Council (TAITRA) and SEMI. The event will take place from October 16-18, 2019 at the Nangang Exhibition Center Hall 1. The exhibition will feature four major energy themes, PV Taiwan, Wind Energy Taiwan, HFC Taiwan, and Smart Storage Taiwan. It is expected to attract more than 10,000 domestic and foreign buyers of related industries. Over 15 seminars will be organized during the exhibition. Energy Taiwan is the most important trading platform for renewable energy.

Thermal Energy Storage Market

Favorable government initiatives toward renewable energy based power generation along with increasing demand for uninterrupted power supply will augment the thermal energy storage market. In addition, increasing customer focus toward energy efficiency coupled with the implementation of energy storage plans will further complement the industry landscape.

(pict.: Siemens Gamesa)

Siemens Gamesa Renewable Energy (SGRE) has secured a new order in India from ReNew Power, India’s largest renewable energy Independent Power Producer (IPP). The scope includes the supply of 270 units of the SG 2.1-122 wind turbines, with a total capacity of 567 MW, to two wind power facilities.

The Wind Turbine Market is set to grow from its current market value of more than $50 billion to over $70 billion by 2024; as reported in the latest study by Global Market Insights, Inc.