Statkraft, a Norwegian company, will sell 10 renewable energy companies to Colombian Ecopetrol

Ecopetrol, Colombia's state oil company, announced on Tuesday that it has signed an agreement with Statkraft of Norway to purchase 10 wind and solar project development companies.

Ecopetrol's Chief Executive Ricardo Roa stated that the portfolio of projects may total up to 1.3 Gigawatts, which would be used to meet the group's energy needs at home.

He didn't disclose the amount of the transaction.

Projects are spread out across La Guajira and the departments of Caldas, Magdalena, Cordoba, Sucre. One project is already operational. Others are expected to start in 2026 or 2027.

Roa stated that "this transaction leverages the production of low-emissions energy at competitive conditions for Ecopetrol’s consumption. It reduces energy purchases under bilateral agreements and exposure to energy purchase on the stock market."

Statkraft will be leaving Colombia with this deal, according to Jose Castellanos.

The agreement is subjected to regulatory approvals as well as other legal conditions.

Ecopetrol has announced April's Ecopetrol

Signing an agreement

AES Colombia will acquire 49% of Jemeiwaa ka'I, a wind energy cluster. Enel, the Italian wind energy company, is in the process acquiring another project. (Reporting and writing by Nelson Bocanegra, Editing by Brendan O'Boyle & Sarah Morland; Writing by Natalia Siniawski)

(source: Reuters)