In this study, the Colombian electricity market, its regulation and its current tariff scheme was examined. Here, the operation of the electricity system and its value chain are described in detail. Future scenarios of supply and demand are also shown. The study presents a description of the legal incentives given by the government for the promotion of renewable energies, and strategic aspects and recommendations for the development of solar photovoltaic (PV) industry in Colombia were identified and formulated. In particular, strategies for collaboration between Colombia and Germany, which is a leader in the PV industry. The report presents an overview of solar PV systems markets worldwide and in Colombia. Regarding the solar market in Colombia, not only the historical development of the PV industry in the country is explained, but also the solar radiation in the whole country is shown. In the same way, this study shows a description of the most common alternatives for the electrification in off-grid areas and an enumeration of drivers and barriers for the development of the PV industry in the country.