Ecopetrol has finalised negotiations with Grenergy Renovables for the potential purchase of seven companies holding 88.2 megawatt-peak (MWp) of solar projects in Colombia.

The companies within Grenergy’s portfolio are located in the Córdoba, Cesar, Magdalena and Sucre departments. Each company holds permits, licences and assets for solar photovoltaic (PV) projects.

Each solar project has an estimated renewable generation capacity of up to 12.6MWp per project.

The acquisition remains contingent on the fulfilment of specific conditions precedent and legal requirements.

Once the transactions are closed, Ecopetrol aims to further its decarbonisation and energy transition objectives by increasing its installed capacity, moving closer to its goal of 900MW of self-generated renewable energy.

These efforts are intended to support and diversify the company’s energy mix in line with its 2040 strategy and enable the generation of low-emission energy for Ecopetrol Group’s own use under competitive market conditions, decreasing the need for bilateral energy contract purchases, and limiting the company’s exposure to spot market energy prices.

In Colombia, Ecopetrol accounts for more than 60% of hydrocarbon production and operates much of the country’s logistics, transportation and refining infrastructure.

Through ISA and its subsidiaries, Ecopetrol is active in power transmission in Chile, Brazil, Peru, and Bolivia.

In July 2025, Ecopetrol acquired full ownership of Compañía Wind Autogeneración, the company behind Colombia’s Windpeshi wind project.