Ecopetrol completes acquisition of Wind Autogeneracion

Ecopetrol (EC) completed the acquisition of 100% of the shares of Wind Autogeneracion from Enel. The transaction was approved by Ecopetrol’s Board of Directors in December 2024. Ecopetrol executed the share purchase agreement and recently completed conditions precedent for closing, including regulatory and anti-trust authorizations. The Windpeshi project, located in La Guajira, between the municipalities of Uribia and Maicao, will have an installed capacity of 205 MW for wind power generation. This capacity will be immediately integrated into the self-consumption portfolio of the Ecopetrol Group. The renewable energy project is expected to contribute an average of 1,006 GWh/year, corresponding to approximately 8-9% of Ecopetrol Group’s energy demand. Once operational, the Windpeshi Project is expected to contribute to energy cost optimization and the commitment to accelerate the energy transition in Colombia, with a decarbonization benefit of approximately 4.8M tons of CO2 emissions and estimated investments of nearly $350M between 2025 and 2027. Ecopetrol plans to restart construction of the project no later than the end of 2025, with the expectation of starting operations before 2028. For development and construction, Ecopetrol plans to engage top-tier contractors who meet high quality standards and have experience in projects of this type.