The policy mission targets to endorse the export competitiveness of U.S. renewable energy and energy efficiency technologies, including biomass, waste-to-energy, wind, solar, geothermal, hydropower, and smart grid.
According to the ITA, between 10 and 25 companies will be chosen to participate in the trade mission. The opportunity is open to all companies already doing business in
During the trade mission, participants will receive market briefings, including an assessment of upcoming opportunities. Likewise, they will receive a market assessment report and be launched to key government and regulatory officials. In addition, a networking reception is planned.
The Andean nation offers several renewable energy policy incentives, including priority dispatch for renewable electricity, accelerated depreciation of up to 20% for investments in machinery or equipment that support renewable energy deployment, and technology-specific auctions.