Energy and utilities

According to the International Energy Agency (IEA), demand for global electricity grew by an estimated 4.3% y/y in 2024, up from 2.5% in 2023, driven by expanded electrification globally. Most of the 2024 growth came from emerging economies, ...

In 2024, electricity generation in Latin America and the Caribbean (LAC) grew by 5.5%, primarily driven by the expansion of wind and solar photovoltaic plants, as well as an increased share of natural gas in the energy matrix. In order of ...

Between 2022 and 2023, Colombia's renewable energy sector entered a dynamic phase of transformation, marked by a strategic shift towards expanding the capacities of solar, wind and hydroelectric power. The country has seen a surge in investment and ...

Colombia ranks highly in Latin America's electric power market due to its sizeable population and large hydropower resources. However, the reliance of its economy on fossil fuels and limited manufacturing hold it back from being a regional powerhouse ...

According to the July 2023 Electricity Market Report by the International Energy Agency (IEA), electric power consumption increased by 2.3% y/y across the world during 2022, slightly below the annual average of 2.4% observed during the pre-pandemic ...

Colombia ranks among Latin America's largest electric power markets thanks to its vast hydropower generation capacity as well as a large population which fosters consumption. Still, the country has a lot of room to growth due to its scarce ...

As of 2022, Colombia's energy sector has shown consistent growth and resilience, with the energy sector contributing around 1.73% of the country's total gross domestic product (GDP). The country has made significant strides in expanding its renewable ...