Finance
Colombia gets offshore wind bid from Denmark's CIP
Published by Global Banking & Finance Review®
Posted on October 16, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 16, 2025
2 min readLast updated: January 21, 2026
Denmark's CIP bids for Colombia's first offshore wind project, aiming to boost renewable energy and reduce fossil fuel reliance.
BOGOTA (Reuters) -Colombia received a bid from a subsidiary of Denmark's Copenhagen Infrastructure Partners (CIP), to develop a project in the South American country's first offshore wind energy round, the head of its hydrocarbons agency said on Thursday.
Orlando Velandia, who heads Colombia's National Hydrocarbons Agency (ANH), said CIP subsidiary CI GMF Cooperatief U.A. had submitted an offer. ANH not immediately provide details of the offer.
"The participation of CIP, one of the world's leading investment funds in energy infrastructure and the green transition, represents an international vote of confidence," Velandia told a forum in Cartagena.
The government aims to award contracts for at least 1 gigawatt of installed capacity in the bidding round.
The country's Ministry of Mines and Energy in December gave preliminary approval to eight companies to participate.
These also included Colombian companies Ecopetrol and Celsia as well as Belgium's Jan De Nul and DEME, Britain's Dyna Energy, Powerchina and China Three Gorges.
By February, participants had proposed 69 areas for potential project developments.
Leftist President Gustavo Petro is looking to promote the development of renewable energies to wean the country off its dependence on polluting fossil fuels.
(Reporting by Nelson Bocanegra; Editing by Sarah Morland)
Offshore wind energy refers to the generation of electricity using wind turbines located in bodies of water, typically oceans or large lakes, to harness wind power.
Renewable energy is energy derived from natural processes that are replenished constantly, such as solar, wind, hydro, and geothermal energy.
A bidding process is a competitive procedure where companies submit proposals to undertake a project, often involving price and technical specifications.
Green energy is energy that is produced from renewable, zero-emission sources that do not harm the environment, such as solar and wind.
Investment in renewable energy involves allocating financial resources to projects or companies that produce energy from renewable sources to promote sustainability and reduce carbon emissions.
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