The advantages of Colombia for renewable energy investment
15 April 2024
In this article, Mauricio Torres from Alliott Global Alliance’s law firm representative in Colombia, Peña Mancero Abogados highlights the competitive advantages of the country when it comes to renewable energy development.
Positioned at the nexus of the Americas, Colombia offers unparalleled access to both the Pacific and Atlantic oceans, supported by top-notch port infrastructure and efficient logistical connections. With a favourable time zone and six major business cities, the country fosters a vibrant entrepreneurial ecosystem conducive to business growth and development.
Moreover, Colombia's investor protection framework, minimal investment restrictions, and extensive network of trade agreements enhances its appeal as a prime investment destination. Tax incentives further sweeten the deal, especially for those in renewable energy projects, aligning with Colombia's commitment to environmental sustainability.
As the country sets ambitious goals for carbon neutrality and renewable energy expansion, opportunities abound for investors in sectors like green hydrogen, geothermal, and offshore wind, supported by clear regulatory frameworks and strategic initiatives making this an attractive country to expand into.
Click here to read this in-depth overview.
For more information contact Mauricio Torres - mauricio@pmabogados.co at Peña Mancero Abogados.
Further reading:
- Gearing up for the renewable energy push
- Why are Guernsey funds attractive to renewable energy investments
- Keeping a finger on North Africa's energy pulse
- Resolving Africa's energy disputes in Ethiopia
About Peña Mancero Abogados:
Peña Mancero Abogados is Alliott Global Alliance's legal representative in Colombia. A leading law firm founded in 2010, the team provides comprehensive support to clients looking to develop their businesses in Colombia and to those looking to explore international markets.
In ten years, they have firmly secured their place in a competitive market place to become one of the top 50 law firms in Colombia, with a portfolio of over 400 clients, both national and international. They are members of the International Bar Association (IBA), the Commercial Law Association (CAC) and the Bar Association of Mines and Petroleum, and the local Chambers of Commerce. Read more.