#Ecopetrol #Colombia #Bogota #Grenergy

Ecopetrol S.A. Expands Renewable Energy Portfolio in Colombia

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) has recently made a significant move by negotiating the acquisition of a portfolio comprising solar photovoltaic projects with an impressive capacity of 88.2 MWp. This initiative marks a crucial step towards addressing climate change and enhancing the company's role in Colombia's energy transition.

On November 28, 2025, Ecopetrol finalized negotiations with Grenergy Renovables S.A. regarding the acquisition of seven companies that own various solar projects located across the departments of Córdoba, Cesar, Magdalena, and Sucre. Each of the companies within this portfolio is permitted to generate approximately 12.6 MWp of renewable energy per project. The completion of this acquisition is contingent upon meeting specific legal requirements and conditions.

By incorporating these solar projects into its operations, Ecopetrol aims to bolster its renewable energy generation capacity, furthering its goal of achieving 900 MW of self-generated renewable energy by the year 2040, as outlined in its Energy that Transforms Strategy. This initiative is integral to Ecopetrol's roadmap towards decarbonization and developing a more sustainable energy framework.

The company's efforts not only aim to diversify its energy matrix but also work towards reducing reliance on bilateral energy contracts and minimizing exposure to volatile spot market energy purchases. Once the acquisition conditions are satisfied, Ecopetrol plans to share further details, including transaction values, through appropriate communication channels.

With over 19,000 employees and vast operations, Ecopetrol stands as the leading integrated energy company in Colombia, responsible for over 60% of the country's hydrocarbon production. It has extended its influence into various segments, such as transportation, logistics, and hydrocarbon refining. Furthermore, it holds strategic shares in ISA, engaging in energy transmission and related sectors in Colombia and beyond.

Ecopetrol is recognized not just for its domestic impact but also for its international ventures, including drilling and exploration operations in the United States, Brazil, and Mexico. Its strategic partnerships and investments in neighboring countries highlight its ambition of being a prominent player in the energy landscape across the Americas.

Essentially, this acquisition marks a pivotal moment for Ecopetrol as it balances traditional energy practices with modern sustainable initiatives. As Colombia strives to transition towards cleaner energy sources, Ecopetrol's commitment to renewable energy projects reflects its endeavor to lead as a responsible energy provider in line with global standards. The upcoming years will be critical as Ecopetrol advances further into the renewable sector, setting benchmarks for other companies in the region.

As the energy sector continues to evolve with an increasing emphasis on sustainability, the steps taken by Ecopetrol may reshape the future of energy production in Colombia.

Overall, this acquisition symbolizes not only a growth opportunity for Ecopetrol but also a significant advancement in Colombia's renewable energy ambitions.