European developers are showing keen interest in investing 68 billion euros in Colombian clean energy projects as the country aims to move away from fossil fuels. Energy Minister Edwin Palma highlighted that a significant portion of this investment, 48 billion euros, is earmarked for clean hydrogen initiatives while 20 billion euros are dedicated to non-conventional renewable power generation. The government is actively seeking to address concerns regarding the slow pace of energy transition plans by assuring potential investors in Brussels about Colombia's commitment. Despite challenges like high production costs and financing difficulties, the country is pushing forward with green hydrogen projects, including the Cartagena refinery H2 initiative and green ammonia production schemes by companies like Hevolución. Colombia's hydrogen sector is witnessing growth with a 75% increase in projects in 2024, including notable developments like the Cartagena refinery H2 project, set to be a major green hydrogen facility in Latin America. However, the industry faces obstacles in achieving the objectives outlined in the hydrogen roadmap due to various challenges. Energy Minister Palma emphasized the importance of sustainable hydrogen for Colombia's decarbonization efforts and export diversification. In addition to hydrogen, Colombia is looking to boost its renewable energy capacity in solar and wind sectors. European firms have identified opportunities in 175 projects with a total capacity of 15.1GW. However, regulatory delays have stalled 52% of renewable energy projects. Despite these setbacks, Colombia aims to enhance its renewable energy capacity to accelerate its energy transition and reduce dependency on fossil fuels. Overall, the country views sustainable energy initiatives, including hydrogen, as crucial for achieving its environmental and economic goals.