Colombia Bi-facial Solar Market Overview, 2031

Market Insights on Colombia Bi-facial Solar Market

• Colombia's bifacial solar market has emerged as a transformative force in the nation's energy landscape, with the country achieving a historic milestone in 2025 when solar generation surpassed coal for the first time. The UPME (Mining-Energy Planning Unit) confirmed that Colombia produced 4,473.8 GWh from solar energy in 2025, a 25% increase over coal's 3,564.2 GWh. This represents a staggering growth of over 1,650% in solar generation during the current administration.
• According to the research report, "Colombia Bi-facial Solar Market Overview, 2031," published by Bonafide Research, the Colombia Bi-facial Solar market is expected to reach a market size of USD 166.79 Million by 2031. The nation's clean energy share in the electricity matrix has surged from less than 2% in 2022 to 13.87% by September 2025, driven by the "Plan 6GW Plus" strategy aimed at incorporating 6 GW of capacity from solar, wind, and small hydroelectric plants. The Association of Renewable Energies of Colombia (SER Colombia) reports the country already has 2.6 GW from clean sources in commercial operation and testing.
• Bifacial technology has become the default choice for utility-scale projects across regions like La Guajira which holds Colombia's strongest solar resource with mean global horizontal irradiance near 5.6 kWh/m²/day and seasonal peaks above 6.0 Cesar, Atlántico, and Valle del Cauca. The government's "Colombia Solar" program, backed by COP 935 billion in funding for excluded regions including La Guajira, Chocó, Nariño, Amazonas, and Catatumbo, is democratizing access to solar energy.
• With Resolution 40159 of 2026 offering incentives covering up to 60% of project value or COP 20 million for photovoltaic system installations, Colombia's bifacial market stands at an inflection point, ready to accelerate its contribution to the nation's energy transition.

Competitive Landscape of Colombia Bi-facial Solar Market

• Enel's Guayepo III solar park, advancing at 76% construction with an estimated US$206 million investment, will deploy 457,764 bifacial solar panels distributed across 30 subfields.
• Cubico's Escobales complex, the largest project of the C2Sun joint venture, comprises six plants with more than 242,000 bifacial modules totaling 144 MWp, while the Valledupar project features three plants with over 135,000 bifacial modules on full tracking systems.
• Drummond Ltd. has developed a 54 MWp solar park with more than 100,000 high-efficiency bifacial panels with single-axis tracking technology across approximately 117 hectares. The Haticos Solar Project in San Juan del Cesar, La Guajira, will feature 69.75 MWp capacity with monocrystalline bifacial modules rated at 665 Wp each.
• Barranquilla is advancing the APBAQ I solar plant with 11.6 MW capacity featuring bifacial modules on solar tracking structures. In the floating solar segment, the Yurbaqua project deploys Astronergy's high-efficiency bifacial ASTRO N5 modules across 2.8 MWp. Entry barriers include environmental permitting delays SER Colombia reports that while legal response time is 30 days, permits can take up to 2,000 days and grid connection challenges, though Resolution 701095 of 2025 from CREG is working to free over 2 GW in technically viable projects.
• Tax incentives under Law 1715 of 2014 and Energy Transition Law 2099 of 2021, including a 50% income-tax deduction and VAT exclusion, remain fully available in 2026. The Colombian Solar Association (ACOSOL) has submitted a nine-point agenda to President Abelardo de la Espriella, proposing reforms to UPME procedures and simplified access to tax benefits for non-conventional renewable energy projects.

Colombia Market Dynamics

Driver: Superior Solar Resource and Bifacial LCOE Advantage La Guajira department holds Colombia's strongest solar resource, with mean global horizontal irradiance near 5.6 kWh/m²/day and seasonal peaks above 6.0. A techno-economic assessment of bifacial PV systems in Uribia found the mean LCOE settles at 0.0588 USD/kWh, with the 95% Value-at-Risk of 0.0638 USD/kWh remaining below the prevailing Colombian industrial tariff across every climatic realization. This cost advantage, combined with bifacial modules' superior energy capture from reflective surfaces, is accelerating utility-scale project development across the Caribbean region.

Challenge: Environmental Permitting and Grid Connection Bottlenecks SER Colombia's executive president Alexandra Hernández has highlighted that while legal response time for environmental permits is 30 days, these can take up to 2,000 days. Grid connection contracts for projects up to 10 MW often take longer than the four-month normative timeframe. The association emphasizes the need for tripling current capacity and new regulations to strengthen financial closing and reduce administrative timelines. Alexandra Hernández notes that 60% of departments now have renewable projects while 40% remain lagging.



Trend: Community Solar and Distributed Generation Expansion Colombia has surpassed 24,447 registered solar rooftops and self-generation systems, with 9,360 new installations recorded in 2025 alone the highest historical growth. The "Colombia Solar" program, with COP 935 billion in funding, aims to benefit approximately 34,000 families in historically excluded departments. SER Colombia data shows nearly 1 GW additional capacity in self-generation and distributed generation with over 20,122 projects, representing 587 MW of clean generation. A remarkable 96% of Colombians view solar energy as the source that should expand in the country.

Segment Analysis

Colombia Bi-facial Solar Market by Type
• Dual-Glass Bifacial Solar dominates Colombia's utility-scale segment due to superior durability in the country's tropical climate and high-humidity coastal regions. Enel's Guayepo III project deploys 457,764 bifacial panels, while Cubico's Escobales complex features more than 242,000 bifacial modules. Drummond's 54 MWp park integrates over 100,000 high-efficiency bifacial panels with single-axis tracking. Dual-glass construction provides enhanced protection against mechanical stress, UV exposure, and humidity, aligning with the 25-year project lifespans required for utility-scale investments in regions like La Guajira and Cesar.
• Glass-Backsheet Bifacial Solar serves Colombia's growing commercial and residential rooftop segment where weight constraints are paramount. The country's 24,447 registered solar rooftopsincreasingly incorporate lightweight bifacial configurations for building-integrated applications. With distributed generation reaching nearly 1 GW across over 20,122 projects, glass-backsheet modules offer adequate durability while reducing structural load requirements. The technology benefits from the "Colombia Solar" program's incentives covering up to 60% of project value, making bifacial adoption more accessible for small businesses and households.

Colombia Bi-facial Solar Market by Cell Technology
• TOPCon technology is gaining prominence in Colombia's utility-scale segment, with manufacturers increasingly supplying N-type TOPCon bifacial modules for major projects. The technology's superior temperature coefficient proves valuable in Colombia's tropical climate, maintaining performance during high-temperature conditions across the Caribbean region. TOPCon's tunnel oxide passivated contact structure minimizes electron recombination, delivering higher energy yields across the project lifecycle. The Haticos Solar Project's 665 Wp monocrystalline bifacial modulesreflect the industry's shift toward higher-efficiency cell architectures.
• PERC technology maintains a presence in Colombia's cost-sensitive segments, particularly for smaller commercial installations where capital constraints outweigh long-term efficiency gains. The technology's mature manufacturing base ensures competitive pricing, though lower bifaciality rates limit adoption for premium utility applications. PERC modules continue serving replacement markets and budget-conscious projects where immediate cost considerations dominate decision-making.
• HJT technology occupies a niche in Colombia's solar landscape, offering the highest efficiency potential and superior temperature coefficient. The technology's enhanced performance in high-temperature conditions makes it attractive for utility-scale projects in La Guajira and the Caribbean region. However, higher manufacturing costs and limited production capacity restrict widespread adoption. As manufacturing scales, HJT could become more significant in Colombia's premium solar segment.
• Others encompass emerging technologies including IBC cells, which remain in research and development phases. These technologies represent future growth potential as manufacturing scales and costs decrease. SER Colombia emphasizes that consolidating expansion will require tripling current capacity and new regulations that strengthen financial closing.

Colombia Bi-facial Solar Market by End-User
• Utility-Scale leads Colombia's bifacial solar market, with SER Colombia reporting 2,376 MW of installed capacity across 85 medium and large-scale projects. The segment added 333.87 MW of new solar PV capacity in 2025, with 27 new medium and large-scale projects entering operation. Major developments include Enel's Guayepo III (US$206 million, 457,764 bifacial panels), Cubico's Escobales complex (144 MWp, 242,000+ bifacial modules), and Drummond's 54 MWp park with over 100,000 bifacial panels. The segment benefits from the Plan 6GW Plus strategy and tax incentives under Law 1715 of 2014.
• Commercial & Industrial represents a rapidly growing segment, driven by corporate sustainability goals and operational cost reduction. Colombia's 24,447 registered solar rooftopsincreasingly include commercial and industrial installations. The "Colombia Solar" program, with COP 935 billion in funding, is expanding access for small businesses and commercial entities. Distributed generation has reached nearly 1 GW across over 20,122 projects, with commercial consumers maintaining significant market share.
• Residential adoption is accelerating, with 9,360 new installations recorded in 2025 the highest historical growth. The "Colombia Solar" program offers incentives covering up to 60% of project value or COP 20 million for photovoltaic system installations. A remarkable 96% of Colombians view solar as the energy source that should expand in the country, reflecting strong consumer demand. The program has installed 1,860 photovoltaic systems, each with four 545 Wp panels delivering up to 2.18 kWp per household.


Considered in this report
• Historic Year: 2020
• Base year: 2025
• Estimated year: 2026
• Forecast year: 2031

Aspects covered in this report
• Bi-facial Solar Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Dual-Glass Bifacial Solar
• Glass-Backsheet Bifacial Solar

By Cell Technology
• PERC
• TOPCon
• HJT
• Others

By End-User
• Utility-Scale
• Commercial & Industrial
• Residential