Financial coverage portfolio for wind power generation in Colombia

The Colombian government has decided to invest in Non-Conventional Renewable Energies (NCRE) to expand the power grid and generate a higher resilience in the whole grid towards the climatological phenomenon. In the month of October 2019, the government has auctioned 8 NCRE projects for a total installed capacity of 1,398MW . Six of the eight projects that were auctioned and have to be fully operational for the year 2022 are Eolic projects. Many risks are associated with the development of these projects, some of them are associated with the investments, but mainly the NCRE projects have a big variability given the weather conditions and the location they are developed. Given that the revenue generated by the company depends solely in the quantities of energy generated and the price of energy at the moment it is sold, financial derivatives can help hedge the risk associated therefore by changing the coverage ratio of the amount of the energy that is produced with financial instruments the project may generate a more certain NPV that creates value for the project, always depending on the value of the price of the energy hedged.

• Autores: Rueda Ramírez, Juan Camilo
• Fecha de publicación: 2019
• Institución: Universidad de los Andes
• Repositorio: Séneca: repositorio Uniandes
• Idioma: eng
• OAI Identifier: oai:repositorio.uniandes.edu.co:1992/43839
• Acceso en línea: http://hdl.handle.net/1992/43839
• Palabra clave: Derivados financieros - Investigaciones - Colombia - Estudio de casos; Recursos energéticos renovables - Aspectos económicos - Investigaciones - Colombia; Riesgo (Finanzas) - Investigaciones - Colombia; Ingeniería
• Rights: openAccess
• License: https://repositorio.uniandes.edu.co/static/pdf/aceptacion_uso_es.pdf