Ecopetrol S.A. signs an agreement to acquire a portfolio of up to 1,300 megawats of solar and wind energy projects in Colombia
Ecopetrol S.A. (NYSE: EC) has signed an asset purchase agreement with Statkraft to acquire a renewable energy portfolio in Colombia totaling up to 1.3 GW of capacity. The portfolio includes one development company and nine special purpose entities, comprising 614 MW of solar projects and 750 MW of wind projects located across five departments: La Guajira, Sucre, Córdoba, Caldas, and Magdalena.
The acquisition, subject to conditions precedent and legal requirements, aligns with Ecopetrol's 2040 Strategy and its goal to incorporate 900 MW of renewable self-generation capacity by 2025. This move aims to reduce the company's exposure to spot market purchases and diversify its energy matrix while advancing its decarbonization and energy transition objectives.
Ecopetrol S.A. (NYSE: EC) ha firmato un accordo di acquisto di asset con Statkraft per acquisire un portafoglio di energie rinnovabili in Colombia con una capacità complessiva fino a 1,3 GW. Il portafoglio comprende una società di sviluppo e nove entità a scopo speciale, includendo 614 MW di progetti solari e 750 MW di progetti eolici distribuiti in cinque dipartimenti: La Guajira, Sucre, Córdoba, Caldas e Magdalena.
L'acquisizione, soggetta a condizioni sospensive e requisiti legali, è in linea con la Strategia 2040 di Ecopetrol e il suo obiettivo di integrare 900 MW di capacità di autoproduzione rinnovabile entro il 2025. Questa iniziativa mira a ridurre l'esposizione dell'azienda agli acquisti sul mercato spot e a diversificare il proprio mix energetico, promuovendo al contempo gli obiettivi di decarbonizzazione e transizione energetica.
Ecopetrol S.A. (NYSE: EC) ha firmado un acuerdo de compra de activos con Statkraft para adquirir una cartera de energía renovable en Colombia con una capacidad total de hasta 1,3 GW. La cartera incluye una empresa de desarrollo y nueve entidades de propósito especial, que comprenden 614 MW de proyectos solares y 750 MW de proyectos eólicos ubicados en cinco departamentos: La Guajira, Sucre, Córdoba, Caldas y Magdalena.
La adquisición, sujeta a condiciones precedentes y requisitos legales, está alineada con la Estrategia 2040 de Ecopetrol y su objetivo de incorporar 900 MW de capacidad de auto-generación renovable para 2025. Esta acción busca reducir la exposición de la empresa a compras en el mercado spot y diversificar su matriz energética, al tiempo que avanza en sus objetivos de descarbonización y transición energética.
Ecopetrol S.A. (NYSE: EC)는 Statkraft와 자산 매입 계약을 체결하여 콜롬비아에서 총 1.3 GW 용량의 재생 에너지 포트폴리오를 인수합니다. 이 포트폴리오에는 개발 회사 1곳과 특수목적법인 9곳이 포함되어 있으며, 614 MW의 태양광 프로젝트와 750 MW의 풍력 프로젝트가 라과히라, 수크레, 코르도바, 칼다스, 마그달레나 등 5개 주에 분포해 있습니다.
이번 인수는 조건 충족 및 법적 요구 사항을 전제로 하며, Ecopetrol의 2040 전략과 2025년까지 900 MW의 재생 에너지 자가 발전 용량을 도입하려는 목표와 부합합니다. 이 조치는 회사의 현물 시장 구매 노출을 줄이고 에너지 믹스를 다양화하며 탈탄소화와 에너지 전환 목표를 추진하는 데 목적이 있습니다.
Ecopetrol S.A. (NYSE : EC) a signé un accord d'achat d'actifs avec Statkraft pour acquérir un portefeuille d'énergie renouvelable en Colombie totalisant jusqu'à 1,3 GW de capacité. Le portefeuille comprend une société de développement et neuf entités à but spécial, incluant 614 MW de projets solaires et 750 MW de projets éoliens répartis dans cinq départements : La Guajira, Sucre, Córdoba, Caldas et Magdalena.
L'acquisition, soumise à des conditions suspensives et exigences légales, s'inscrit dans la Stratégie 2040 d'Ecopetrol et son objectif d'intégrer 900 MW de capacité d'auto-production renouvelable d'ici 2025. Cette démarche vise à réduire l'exposition de l'entreprise aux achats sur le marché spot et à diversifier son mix énergétique tout en faisant progresser ses objectifs de décarbonation et de transition énergétique.
Ecopetrol S.A. (NYSE: EC) hat einen Vermögenskaufvertrag mit Statkraft unterzeichnet, um ein Portfolio erneuerbarer Energien in Kolumbien mit einer Gesamtkapazität von bis zu 1,3 GW zu erwerben. Das Portfolio umfasst ein Entwicklungsunternehmen und neun Zweckgesellschaften mit 614 MW Solarprojekten und 750 MW Windprojekten, die sich über fünf Departements erstrecken: La Guajira, Sucre, Córdoba, Caldas und Magdalena.
Der Erwerb, der unter Vorbehalt bestimmter Bedingungen und gesetzlicher Anforderungen steht, steht im Einklang mit Ecopetrols 2040-Strategie und dem Ziel, bis 2025 900 MW erneuerbare Eigenstromerzeugungskapazität zu integrieren. Dieser Schritt soll die Abhängigkeit des Unternehmens von Spotmarkt-Einkäufen reduzieren und die Energiematrix diversifizieren sowie die Ziele zur Dekarbonisierung und Energiewende vorantreiben.
- Significant expansion into renewable energy with 1.3 GW total capacity acquisition
- Strategic advancement towards 900 MW renewable self-generation target by 2025
- Potential reduction in operational costs through decreased spot market exposure
- Geographic diversification across five Colombian departments
- Transaction subject to conditions precedent and legal requirements that could delay or prevent completion
- Significant capital investment required for portfolio acquisition (amount not disclosed)
- Integration challenges of multiple special purpose entities and projects
Insights
Ecopetrol's 1.3GW renewable acquisition advances decarbonization goals and reduces energy market exposure while diversifying its portfolio.
Ecopetrol's agreement to acquire Statkraft's Colombian renewable portfolio marks a strategic pivot towards green energy for Colombia's largest oil company. The potential 1.3GW acquisition consists of 614MW of solar projects and 750MW of wind projects across multiple Colombian departments, significantly exceeding the company's stated target of 900MW of renewable self-generation capacity by 2025.
This transaction represents a meaningful acceleration in Ecopetrol's energy transition timeline outlined in its 2040 Strategy. The renewable assets would serve a dual purpose: reducing the company's carbon footprint while simultaneously providing economic benefits by decreasing exposure to volatile spot market energy purchases.
The strategic value lies in Ecopetrol's vertical integration approach - using these renewable assets for self-consumption across its operations would create operational cost certainties while advancing environmental goals. The company gains these benefits while also diversifying beyond its traditional hydrocarbon focus.
This move aligns with global industry trends where oil majors are establishing renewable portfolios, but Ecopetrol is pursuing this strategy more aggressively in its home market. The financial impact depends on undisclosed acquisition costs, but the long-term value proposition centers on reduced operational costs and regulatory compliance. By securing this substantial renewable capacity, Ecopetrol positions itself favorably within Colombia's energy transition landscape while reducing future carbon compliance costs.
The companies are owned by Statkraft's subsidiaries: Enerfín Sociedad de Energía S.L.U and Enerfin Enervento Exterior S.L.
The Portfolio's projects are located in the departments of La Guajira, Sucre, Córdoba, Caldas, and Magdalena.
If completed, this acquisition would represent significant progress toward Ecopetrol S.A.'s decarbonization and energy transition goals, particularly the target of incorporating 900 MW of renewable self-generation capacity by 2025, in line with its 2040 Strategy. Additionally, the transaction would support the generation of low-emission energy under competitive conditions for the Ecopetrol Group's self-consumption, reducing exposure to spot market purchases and contributing to the diversification of the company's energy matrix.
Ecopetrol S.A. reaffirms its commitment to the country's energy future through the integration of renewable energy projects into its operations.
Ecopetrol is the largest company in
This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the
For more information, please contact:
Head of Capital Markets
Carolina Tovar Aragón
Email: investors@ecopetrol.com.co
Head of Corporate Communications (
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co
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SOURCE Ecopetrol S.A.
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