by Juan Roberto Paredes, Colombia & Ramírez C, John J.(PPRE 2013/15)
The Energy Division of the Infrastructure and Environment Sector (INE/ENE) of the Inter-American Development Bank support the efforts of its member countries to improve their energy security through diversifcation and increased use of endogenous sources of renewable energy. Electricity does not exist as a natural resource; it must be generated from primary sources—fossil fuels and Variable Renewable Energies (VRE).
This monograph describes the linkages between the concept of capacity in energy markets and the characteristics of VRE—hydro, solar, and wind. We live in a carbon-constrained world challenged by climate change. This document provides practical ways for member countries to increase their energy security and to assess the complementarity between variable renewable energies such as wind or solar. The publication assesses the complementarity between variable renewable energies such as wind or solar and one of the most abundant renewable resources in Latin America, hydropower, taking the Colombian electricity system as a case study.