The decree, which details procedures for income tax and VAT exemption, is up for public consultation until 22 April, after which the government will publish a final version.
The decree will add details to a law approved in May 2014 that aims to introduce renewable power into Colombia's 15.5GW mix.
The regulations allow investors a discount of 50% of income tax for five years after the start of investments in renewable power or energy-efficiency projects.
Additionally,