A SWOT Analysis for Wind Energy Potential Assessment in Colombia

Abstract

The energy demand and supply in Colombia has been increasing, although considering that renewable energy production in the territory does not have high percentages, it is possible to observe an economically viable market for investment and raising capital, which is why, in Colombia in specific areas, such as arid areas, the development of wind farms and plants can be implemented in the short term, with economic and social support from the government. However, Colombia's capacities should be compared with the experiences of countries with high wind energy production, such as European countries. Thus, know how to improve and how to take advantage of the opportunities offered by the Colombian territory with its strengths and weaknesses in a variable market such as the renewable energy market today. One of the main objectives of this work is to technically evaluate the project, as well as the levelized cost of energy to meet the energy demand requirements.