Colombia has scheduled its first renewable energy tender for 26 February, in a long-awaited move that could open a 500MW a year market in Latin America's fourth-largest economy.

The government’s energy planning authority UPME has published final tender rules and PPA contracts, and is now ready to start the pre-qualification process.

The tender regulations, finalised following a public consultation period, specify that 1,183GWh a year of power will be contracted for 12 years starting from December 2021.