FENOGE

What FENOGE does

FENOGE — Fondo de Energías no Convencionales y Gestión Eficiente de la Energía — is a Colombian government fund established under Law 1715 of 2014 and restructured under Law 2099 of 2021, operating under the policy direction of the Ministry of Mines and Energy. Its mandate is to finance non-conventional renewable energy and energy efficiency initiatives across the Colombian public sector. FENOGE administers approximately $10,000,000,000 COP in non-reimbursable resources that are deployed through competitive public procurement (Invitaciones Abiertas) executed via the SECOP II electronic contracting platform. Headquartered in Bogotá with 96 employees, the entity runs a portfolio of programs: SSFV (solar photovoltaic systems with storage and grid-connected variants), FNCER (non-conventional renewable energy sources — solar, wind, biomass, small hydro), GEE (energy efficiency in lighting, HVAC, boilers, and motors), +H2 Colombia (green and blue hydrogen pre-investment), EN-Comunidad (community-owned energy enterprises), and EcoEscuelas (school-based solar and education).

The customer base is exclusively public-sector: hospitals and health centers, K-12 educational institutions, territorial administration buildings, public sports facilities, and — more recently — community associations and indigenous territories. Notable deployments include the $7.840 million COP solar PV investment across 10 public hospitals in Valle del Cauca, with reported energy cost reductions of up to 85%, and the launch of the $1M USD +H2 Colombia hydrogen initiative in 2021. Distribution is government-to-government only, with no private commercial channel; beneficiary selection is competitive and contracts flow through SECOP II. Revenue mechanics are grant-based rather than fee-based, with disbursements tied to congressional appropriations and policy priorities set by the Ministry of Mines and Energy.

Name

FENOGE

Legal name

Fondo de Energías no Convencionales y Gestión Eficiente de la Energía

Website

https://fenoge.gov.co

Company type

Private

Operating status

Operating

Headcount range

51–100 employees

Short description

FENOGE is a Colombian government fund that finances non-conventional renewable energy and energy efficiency projects at public hospitals, schools, territorial administration buildings, and community associations through non-reimbursable grants awarded via competitive public procurement (SECOP II).

Ownership category

akta.pro rank

Product category

Government Renewable Energy Fund

NAICS

Administration of Environmental Quality Programs (9241), Administration of Air and Water Resource and Solid Waste Management Programs (924110), Public Administration (92)

SIC

Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Environmental & Permitting Execution Services (Erosion Control, Habitat Mitigation, Compliance) (EUAEADAL)

akta.pro secondary industry

Payments for Ecosystem Services (PES) Program Development & Administration (AFAMAMAF)

Keywords

• Renewable energy financing
• Energy efficiency programs
• Solar photovoltaic systems
• Government energy fund
• Non-conventional energy

Headquarters

HQ city

Bogotá

HQ country

Colombia

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Non-Reimbursable Resources (Recursos No Reembolsables): FENOGE provides non-reimbursable funding for renewable energy projects and energy efficiency measures. Approximately $10,000,000,000 COP in non-reimbursable resources available for implementation of solutions through competitive selection processes.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

FENOGE is a Colombian government fund that finances and coordinates the deployment of non-conventional renewable energy sources (FNCE) and energy efficiency (GEE) measures in public infrastructure. It provides non-reimbursable resources to territorial administrations, public hospitals, public schools, and sports facilities through competitive selection (Invitaciones Abiertas) on the SECOP II platform. Its portfolio spans solar photovoltaic systems with storage, grid-connected solar, hybrid microgrids, energy efficiency retrofits, and green/blue hydrogen pre-investment studies.

Product overview

FENOGE operates as a government fund managing multiple energy programs rather than a single unified product. The portfolio includes SSFV (Solar Photovoltaic Systems) for installing solar solutions in public facilities; FNCER (Non-Conventional Renewable Energy) supporting clean energy sources; GEE (Efficient Energy Management) for energy efficiency upgrades; +H2 Colombia for hydrogen initiatives; EN-Comunidad for community energy enterprises; and Retos y Necesidades for identifying energy needs. These programs are delivered through Invitaciones Abiertas (competitive procurement processes) and provide non-reimbursable and reimbursable financing for renewable energy and energy efficiency projects across Colombia.

Differentiator

Problem solved

Functional benefit

Brands

• +H2 Colombia (Hidrógeno): An initiative by FENOGE to promote and develop green and blue hydrogen in Colombia, aligned with the National Government's hydrogen roadmap launched in September 2021.
• EN-Comunidad
• 6GW Plus

Products and services

• SSFV - Sistemas Solares Fotovoltaicos (Solar Photovoltaic Systems)

Quantifiable outcome

• Up to 85% reduction in energy costs for public hospitals in Valle del Cauca
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Ministerio de Minas y Energía (Ministry of Mines and Energy)coreStrategic or Co-development PartnerFENOGE operates under the guidance and support of the Ministry of Mines and Energy. The Ministry provides policy direction and oversees the fund's operations in alignment with national energy transition goals.
• Ministerio de Minas y Energía - +H2 Colombia InitiativecoreStrategic or Co-development PartnerFENOGE's +H2 Colombia initiative is supported by the Ministry of Mines and Energy to promote green and blue hydrogen development in Colombia as part of the national hydrogen roadmap launched in September 2021.
• UPME (Unidad de Planeación Minero-Energética)coreStrategic or Co-development PartnerUPME is the planning unit for mining and energy in Colombia, involved in energy sector planning and the 6GW Plus plan for renewable energy expansion.
• IPSE (Instituto de Planificación y Promoción de Soluciones Energéticas)minorStrategic or Co-development PartnerRelated government entity focused on planning and promoting energy solutions, particularly for underserved areas.
• SECOP II (Sistema Electrónico de Contratación Pública)coreTechnology or IntegrationElectronic public procurement platform used for publishing FENOGE's contracting processes and tender documents. Managed by Colombia Compra Eficiente.
• ANH (Agencia Nacional de Hidrocarburos)minorOthersNational Hydrocarbons Agency, a related government entity in the energy sector.
• ANM (Agencia Nacional de Minería)minorOthersNational Mining Agency, a related government entity.
• CREG (Comisión de Regulación de Energía y Gas)minorOthersEnergy and Gas Regulatory Commission, responsible for regulating the energy sector.
• Fiduprevisora (Fiduciaria la Previsora)minorOthersState-run fiduciary agency that may serve as financial administrator for government funds.
• Colombia Compra EficientecoreChannel Partner/ Reseller/ DistributorManages the SECOP II platform used by FENOGE for electronic public contracting processes.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Investissement Québec - Green Economy: Québec's public investment arm with green economy and energy transition mandates. Comparable to FENOGE as a state-backed financier deploying into renewable energy and energy efficiency at the sub-national level.
• Clean Energy Finance Corporation (CEFC): Australian government-backed clean energy financier that deploys capital into renewable energy, energy efficiency, and low-emissions projects. Directly comparable to FENOGE as a national green financing vehicle for the public and private sectors.
• Connecticut Green Bank: State-level green bank in the U.S. that finances clean energy and energy efficiency projects. Highly comparable to FENOGE in mission (mobilize capital into clean energy) and structure (mission-driven public-purpose financier).
• NY Green Bank: New York State green bank that mobilizes private capital into clean energy projects. Comparable as a state/national-level public green financier with similar deployment mandate to FENOGE's SSFV and FNCER programs.
• Fondo para la Transición Energética (Spain): Spanish national fund supporting renewable energy and energy transition projects. Directly comparable in being a dedicated public financing vehicle for non-conventional energy and energy efficiency initiatives.

Regional players

• BNDES (Banco Nacional de Desenvolvimento Econômico e Social): Brazilian national development bank with dedicated renewable energy and energy efficiency financing lines. Comparable to FENOGE as a LatAm national development financier, though Brazilian-focused rather than Colombian.

Others

• Green Climate Fund (GCF): Global multilateral fund channeling climate finance into renewable energy and energy efficiency projects in developing countries, including Colombia. Comparable as a concessional financier rather than a direct peer in operating model.

Broad incumbents

• CAF - Development Bank of Latin America: Latin American multilateral development bank that finances renewable energy and energy efficiency infrastructure across the region, including Colombia. Comparable to FENOGE in regional energy transition focus but as a much broader infrastructure lender.
• Inter-American Development Bank (IDB / IDB Invest): Multilateral development bank that co-finances renewable energy and energy efficiency projects in Colombia with the public sector. Comparable as an external public-purpose financier operating in FENOGE's same market, though with a much broader mandate.
• KfW (Kreditanstalt für Wiederaufbau): German state development bank financing renewable energy and energy efficiency projects globally, including in Latin America. Comparable to FENOGE in deployment focus but operates at much larger scale and as part of a wider development mandate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCM5qj6ynpI5dRxsqSz6zRTQ
• Facebookfacebook.com/FondoFenoge
• LinkedInlinkedin.com/company/fenoge
• Instagraminstagram.com/fondoFENOGE

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FENOGE