In 2020, French GreenYellow invested $8 million (COP 45,000 million) in solar energy and energy efficiency projects in Colombia. For 2021, it plans to increase its investment to $43 million (COP 150,000 million), mostly in the retrofit portfolio.
Permanent revenues should increase by approximately 2% of GDP from 2022, advised Fitch. Cyclical rebound and lower temporary spending are expected to lower the deficit from 9.1% of GDP in 2020 to 7.5 % of GDP in 2021 and 4.9% in 2022.
Enel-Emgesa, the second-largest generator and distributor of energy in Colombia, reported operating revenues of more than $ 1,179 billion (COP 4.2 billion) in 2020, 4.6% more than in 2019.
Colombia's peso led gains across Latin American currencies on Wednesday, tracking strength in oil prices, with most other stocks and currencies rising slightly as the dollar retreated on dovish signals from the Federal Reserve. It rose about 0.8%.
Colombia's majority state-owned energy company Ecopetrol could issue up to $2.5 billion in shares to help finance its potential purchase of a majority stake in electricity and infrastructure conglomerate ISA, chief executive Felipe Bayon said on Wednesday.