Colombia's Celsia could register two wind projects with 300MW of combined capacity in the country's first auction for long-term power contracts, CEO Ricardo Sierra said on Thursday.
The projects are located in the northern Guajira department, where developers have submitted plans for 21 non-conventional renewable energy (NCRE) projects totalling 3,142MW, according to energy ministry planning unit UPME.
"We are developing two projects that could participate. We are looking into it carefully," Sierra told investors during a quarterly earnings call.
Sierra did not name the projects, but they are understood to be the 80MW Acacia farm at Maicao and the 220MW Camelias facility at Uribia. In May, Sierra said that Acacia was in the "advanced feasibility stage" while Camelias hinged on plans for an associated power line.
Both projects belong to Begonia Power, a joint venture between Celsia and Portugal's Renovatio.
Sierra's comments come a week after the energy ministry announced it would offer around 1GW of capacity to developers at an auction in January.
Some 3.443GWh a year will be available to bidders in power purchase agreements lasting 10 years. The projects will be due online in December 2022.
The government is seeking to fast-track plans for new NCRE capacity as construction problems at the Hidroituango project and fears of another imminent El Niño cycle raise supply concerns.
Sierra said he expects solar and especially wind to be the most competitive sources at the auction.
Meanwhile, Celsia executives said the 8MW Bolívar solar plant in Colombia's north is on track to be completed this quarter while projects associated with the Plan5Caribe plan are due to be completed next year. The company is also advancing solar projects in Panama and Honduras.
In addition, Sierra said talks "are at an advanced stage" with industrial and commerical consumers seeking to tap electricity small-scale solar projects.
Celsia, a subsidiary of Grupo Argos, reported second-quarter net income of 99bn pesos (US$34mn), up 54% year-on-year.