Title Page -- Copyright -- Contents -- Preface -- Acknowledgments -- Acronyms and Abbreviations -- Executive Summary -- Objective -- General Context -- Alternative Power Options for Colombia's Power Mix -- Wind Energy Capital Costs Are Expected to Decrease -- Wind and Hydro Energy Resources Are Complementary -- Options to Address Barriers to Entry -- Impact of Policy Options -- Lessons Learned -- 1. Introduction -- Context -- Structure of the Report -- 2. Summary of Findings from First Stage Report: Nonconventional Renewable Energy Barrier Analysis -- 3. Cost Comparison of Alternative Power Sources Based on the Expansion Plan for 2008-2025 -- Methodology for Technology Cost Comparison -- Least (Levelized) Cost Comparison -- 4. Wind Power Costs Outlook -- Technical Viability of Wind Power -- Efficiency Gains over Time -- Capital Cost Evolution -- Operation and Maintenance Costs Are Decreasing -- Wind Power Grid Integration -- Outlook -- 5. Wind and Hydro in Colombia: Complementarity Analysis -- Complementarity of the Wind and Hydro Regimes -- Firm Energy and Joint Operation of Wind and Hydroelectric Projects -- 6. Options to Aid Market Entry of Wind Energy in the Country's Power Mix -- Introduction -- Options to Facilitate Market Entry of Wind Energy -- Proposal to Address the Reliability Issue for Wind Energy -- 7. Assessing the Effectiveness of Policy Instruments and Policy Options: Impact on a 300 MW Wind-Powered Power Plant Operating in the Wholesale Energy Market -- Baseline Information -- Baseline Results -- Impact of Selected Policy Options -- Key Findings: Options to Foster Investment in Wind Power -- Conclusions of the Estimated Impact of Alternative Policy Options for a 300 MW Wind Energy Power Plant in the MEM -- 8. Conclusions -- Wind Energy Resources Could Become an Important Energy Option in Colombia -- Policy Instruments.

Policy Options -- Other Findings -- Applicability of the Analysis Conducted -- References -- Appendixes -- Appendix 1. Technology Cost Comparison -- Appendix 2. Use of Earth Simulator to Estimate the Likelihood of Extreme Weather Events -- Appendix 3. Pool Prices under Various Scenarios -- Appendix 4. Results of the Expected Returns on Investments with the Individual Application of the Policy Instruments for Different Market Scenarios -- Appendix 5. Exempting CERE Payments by 50 or 100 Percent -- Appendix 6. Complementarity between Wind Power and Hydroelectric Resources -- Chapter 1: Introduction -- Chapter 2: Methodology -- Chapter 3: Data Base -- Chapter 4: Extension of Jepírachi Information -- Chapter 5: Case Studies for Complementarity Analysis -- Back Cover.