Business
Ecopetrol S.A. Announces the Acquisition of a Solar Project Portfolio in Colombia
Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that it has successfully closed the transaction with Statkraft European Wind and Solar Holding AS ("Statkraft") on November 13, 2025 for the acquisition of one company engaged in the development and operation of Statkraft's portfolio in Colombia, and six special purpose entities owning solar projects (approximately 0.6 GW), for a total consideration of USD157.5 million. These assets were previously owned by Statkraft subsidiaries Enerfín Socied
About this update from Ecopetrol Sa
[{"type":"text","content":"BOGOTA, Colombia, Nov. 13, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that it has successfully closed the transaction with Statkraft European Wind and Solar Holding AS ("Statkraft") on November 13, 2025 for the acquisition of one company engaged in the development and operation of Statkraft's portfolio in Colombia, and six special purpose entities owning solar projects (approximately 0.6 GW), for a total consideration of USD157.5 million. These assets were previously owned by Statkraft subsidiaries Enerfín Sociedad de Energía S.L.U and Enerfin Enervento Exterior S.L. The payment was enabled through incremental debt financing contemplated in the funding plan for inorganic investments.","length":736,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Ecopetrol S.A.)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Ecopetrol S.A.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":141,"url":"https://media.zenfs.com/en/prnewswire.com/e8cafca3c864cd1d6b9d7e5819c8e320"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ntYhuyKX4q5Z0wbsUa4tqg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI0OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/e8cafca3c864cd1d6b9d7e5819c8e320","width":400,"height":141}},"href":"https://mma.prnewswire.com/media/2321203/ecopetrol_s_a__logo_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The asset purchase agreement signed on May 20, 2025 among Ecopetrol and Statkraft contemplates the acquisition of up to ten companies in total. The closing of the acquisition of the remaining three special purpose entities, which own wind projects of approximately 0.7 GW, remains subject to the satisfaction of additional condition precedents and legal requirements.","length":367,"tagName":"p"},{"type":"text","content":"With the acquisition of the companies owning solar projects, Ecopetrol now holds 100% of the shares of these entities and incorporates a portfolio of more than 0.6 GW of solar energy, as previously announced on the May 20, 2025. The process of integrating these companies into the Ecopetrol Group structure is now intended to being.","length":332,"tagName":"p"},{"type":"text","content":"Through this acquisition, Ecopetrol S.A. advances its decarbonization and energy transition objectives, in alignment with i...