Colombia has set its sights on developing renewable energy sources such as solar, wind and geothermal as part of President Gustavo Petro's goal to wean the major regional coal and oil producer off its dependence on fossil fuels.
But many renewable projects have faced significant hurdles due to resistance from Indigenous communities and regulatory delays, with dozens of promised projects still not in operation.
Celsia said in a statement to the financial regulator that among its options is the relocation of equipment to a new project in Peru.
"The wind projects in La Guajira have long delays or have stopped being constructed because of difficulties with communities for the completion of prior consultation processes, delays in getting or modifying environmental licenses and technical impossibilities to enter into operation ... because of delays in transmission lines," Celsia added.
The situation has led the company to consider alternatives for its Acacia and Camelias projects, which were to generate 330 megawatts.
Celsia has said its net profit was down 21.2% year-on-year in 2023 to about $89 million.
Italy's Enel (ENEI.MI), opens new tab indefinitely suspended its Windpeshi in La Guajira last May because of community blockades.
