Colombia is forging ahead with plans to host the first offshore wind license auction in Latin America and the Caribbean, indicating a significant step towards renewable energy growth in the region. The country's mines and energy ministry confirmed that nine companies, including firms from Europe and China, have expressed formal interest in the bidding process for 30-year lease agreements. The auction, focused on Caribbean waters off the departments of Atlántico, Bolívar, Magdalena, and Sucre, aims to facilitate the development of up to 3GW of wind power capacity. Several prominent companies stand out for their interest in the Colombian offshore wind market. Blue Float Energy, a Spanish firm, plans to invest up to US$3 billion in developing offshore wind farms in Colombia, with the 500MW Vientos Alisios complex as a key project. Copenhagen Infrastructure Partners, known for its global renewable energy portfolio, is also looking to participate in the auction and has investments in green hydrogen projects in Latin America. Jan De Nul Group and DEME, with their expertise in offshore wind energy, are poised to support Colombia's wind energy development. Ecopetrol, the state-run oil company, is shifting towards renewable energy and placing a focus on offshore wind to produce clean hydrogen. The company aims to commercialize green hydrogen output within two years, with plans for an initial production facility at the Cartagena refinery. This strategic move aligns with the company's energy transition goals and demonstrates a commitment to sustainability. The offshore wind auction sets the stage for a more diversified and sustainable energy mix in Colombia, with the potential to drive economic growth and environmental benefits. By attracting investments from global players and emphasizing clean energy production, the country is positioning itself as a key player in the renewable energy sector in Latin America.