Geopolitical Tensions and Logistical Saturation Disrupt Solar Energy Supply in Colombia
Geopolitical tensions in the Middle East, particularly those affecting the Strait of Hormuz, are significantly disrupting the supply of components for Colombia's photovoltaic industry. Alfonso Queipo, CEO of PV Hardware USA, reported at the Future Energy Summit (FES) Colombia that maritime transport capacity has reached 98% saturation, leading to extremely high changes in logistics prices. This situation is exacerbated by rising international freight costs and restrictions on trade routes. The International Energy Agency (IEA) has warned that these trade disruptions are altering risk perceptions and investment priorities globally, comparing the current energy security crisis to the oil crises of the 1970s. The cost increases include additional war risk insurance premiums and surcharges of $3,000 to $4,000 per container, potentially raising solar panel import costs by 22% to 27% in 2026. Colombia's solar market is particularly vulnerable due to the high geographical concentration of renewable technology man...
