Grupo Renovation received 100 MV in bids at the first private-led renewable energy auction in Colombia. International multinationals and new local players offered two different renewable technologies in their proposals, pledging to produce 100 MV.
As of November 2020, Colombia exported 228,326 tons of flowers valued at $1.306 billion. Lower than in 2019 when it hit $1.475 billion. However, this year exports are expected to rise to $1.5 billion. Flower growers await to make $700 million from this month's Valentine's day alone.
The Colombian Fintech industry attracted $187mn in investments by the end of 2020. According to a report by Latam Fintech Hub, Colombia became the fourth market that raised the most capital in 2020 for this sector, behind Brazil, Uruguay and Mexico. Between 2016 and 2020, this sector has experienced 212% growth.
Studies published by the Dynamic Spectrum Alliance (DSA) and Telecom Advisory Services LLC (TAS) said that enabling unlicensed access to 6 GHz band will add $58.93 billion over the next ten years to the Colombian economy. The studies revealed that the cumulative economic value between 2021 and 2030 amounts up to $39.69 billion in GDP contribution, $9.93 billion in producer surplus to Colombian enterprises and $9.31 billion in consumer surplus to the Colombian population.
Colombia's exports during 2020 plunged by 21.4% in 2020, according to a report by Colombia's statistics department (Dane). The country exported $31.056 billion in 2020, while in 2019 foreign sales reached $39.489 billion.
Glencore said its Colombian unit will start the process of handing back its mining contracts to the Republic of Colombia, after a review found that the Calenturitas and La Jagua mines were uneconomic to recommence operations. Glencore's coal production tumbled 24% to 106 million tonnes in 2020.
Argentina's Tecpetrol has joined the list of companies authorised by the National Hydrocarbons Agency (ANH) for fracking pilots in the country. Tecpetrol is an Argentinean multi-Latin company that has businesses in exploration and exploitation activities, as well as in the area of services and transport. In the region, the company has a presence in Argentina, Colombia, Ecuador, Mexico, Peru, Uruguay and Venezuela.