Ecopetrol negotiates Grenergy’s solar PV portfolio in Colombia

Ecopetrol has finalised negotiations with Grenergy Renovables for the imaginable acquisition of 7 companies holding 88.2 megawatt-peak (MWp) of star projects successful Colombia.

The companies wrong Grenergy’s portfolio are located successful the Córdoba, Cesar, Magdalena and Sucre departments. Each institution holds permits, licences and assets for star photovoltaic (PV) projects.

Each star task has an estimated renewable procreation capableness of up to 12.6MWp per project.

The acquisition remains contingent connected the fulfilment of circumstantial conditions precedent and ineligible requirements.

Once the transactions are closed, Ecopetrol aims to further its decarbonisation and vigor modulation objectives by expanding its installed capacity, moving person to its extremity of 900MW of self-generated renewable energy.

These efforts are intended to enactment and diversify the company’s vigor premix successful enactment with its 2040 strategy and alteration the procreation of low-emission vigor for Ecopetrol Group’s ain usage nether competitory marketplace conditions, decreasing the request for bilateral vigor declaration purchases, and limiting the company’s vulnerability to spot marketplace vigor prices.

In Colombia, Ecopetrol accounts for much than 60% of hydrocarbon accumulation and operates overmuch of the country’s logistics, proscription and refining infrastructure.

Through ISA and its subsidiaries, Ecopetrol is progressive successful powerfulness transmission successful Chile, Brazil, Peru, and Bolivia.

In July 2025, Ecopetrol acquired afloat ownership of Compañía Wind Autogeneración, the institution down Colombia’s Windpeshi upwind project.

"Ecopetrol negotiates Grenergy’s star PV portfolio successful Colombia" was primitively created and published by Power Technology, a GlobalData owned brand.

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