Danish turbine maker Vestas Wind Systems A/S has confirmed receiving a 20-MW order for the Guajira I project, which could become Colombia's second wind farm. Spanish infrastructure builder Elecnor SA and Colombian power company Isagen SA ESP placed the order for ten units of Vestas V100-2.0MW turbines and signed a 12-year agreement for operation and maintenance services.
Foreign Direct Investment into Colombia fell by 24% to $5,137 MM as of September 4, 2020. Investment in oil and mining fell 42%, reaching $2,924 MM (vs $5.108 MM in the same period in 2019). Outflow of portfolio investment reached $1,369 MM.
Between January and July 2020, Colombian companies have exported $58.8 MM in dehydrated, freeze-dried and baked fruits, a 2% increased in the processed fruits and vegetables segment. So far this year, $30.6 MM have been sold in the United States. Other export countries are the United Kingdom, Spain, Canada and Mexico. Colombian products in this segment are mango, cape gooseberry, strawberry, banana, pineapple, and pithaya, most of which come from Antioquia, Valle del Cauca, Bogotá, Risaralda and Caldas.
Between January and August 2020, Colombia exported 7.9 million 60-kg bags, a 10% decrease when compared to the first eight months of 2019 (8.9 million sacks exported). However, lower exports have been offset by a 22% increase in global consumption during the The COVID19 pandemic, according to the International Coffee Organization. Furthermore, higher prices in the New York Stock Exchange (between $1.10 and $1.30 / pound) are compensating for lower exports and production.
The National Administrative Department of Statistics (Dane) reported that the Colombian economy slowed down by 9.55% during July 2020, slowing down the rate of economic recovery as a result of national measures to combat COVID19. However, there is an improvement over the preceding months; In May, there was a contraction of 16% and of 11% in June.