Colombia’s Industrial Production Index fell 8% in October

Colombia's Industrial Production Index in October fell 8% compared to the same period last year when it grew by 3.1%, the National Administrative Department of Statistics (DANE) reported on Monday. Between January and October of this year, industrial production fell 10.6% compared to the same period last year. According to the state agency, the four industrial sectors that had negative variations were Mining and quarrying, which presented a variation of -28.6%; Manufacturing industry, with -2.7%; Water collection, treatment and distribution, -1.4%, and Electricity and gas supply, -0.5%.

Foreign Direct Investment in Colombia fell 58.5% in the third quarter

Colombia´s Central bank reported that Foreign Direct Investment (FDI) during the third quarter of the year was $621.9 million , which represented a drop of 58.5% compared to the same period of 2019 , when $1,5 billion were registered. During the year to September, foreign investment accumulated $1,45 billion , a decrease of 26.5% compared to 1.98 billion in the same period last year.

Colombia’s Port of Cartagena installing 2.2 MW of rooftop solar

The Port of Cartagena, Colombia’s Caribbean port, is in the process of installing rooftop solar panels totalling 2.2 MW atop one of its facilities, the Colombian national infrastructure agency ANI has said. With an estimated annual output of up to 3.2 million kWh, the solar array will generate enough electricity to power cranes, refrigerators and air conditioning systems, among others. According to ANI, about 10% of the terminal’s energy needs will be met with renewables.

Atlantica Announces an Agreement with Algonquin to Acquire a 20 MW Solar Asset in Colombia

Atlantica Sustainable Infrastructure plc, a sustainable infrastructure company that owns a diversified portfolio of contracted assets in the energy and environment sectors, announced today that it has reached an agreement with a subsidiary of Algonquin Power & Utilities Corp. , a diversified international generation, transmission, and distribution utility with approximately US $11 billion of total assets, to acquire a 20MW solar plant with a 15 year PPA in place in Colombia. The project was developed and is being constructed by AAGES, Algonquin’s international joint venture. The investment is expected to be approximately US $20 million. Closing is expected to occur after the asset reaches commercial operation, which is currently expected in mid-2021. This represents Atlantica’s first investment in Colombia.