Statkraft to Sell Renewable Portfolio in Colombia to Ecopetrol

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Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Statkraft Energy AS (Oslo, Norway) has signed an agreement with Ecopetrol (Bogota, Colombia) to sell its Colombian portfolio to the state company. The purchase would include renewable projects with a combined capacity of 1.36 gigawatts (GW), expanding Ecopetrol's role in the electricity sector.

The Norwegian company will exit the Colombian market, while Ecopetrol will continue to expand its electricity matrix.

Eight related projects are under development, with some ready to begin construction and others at different permit and study stages. The agreement also includes the purchase of the 128-megawatt (MW) Porton del Sol solar project in La Dorada, Colombia, which already is operational. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Plant Database can learn more from a detailed plant profile.

Three of the projects are expected to be brought online by next year, while another two of the developments are projected to start operations by 2027. Subscribers can click here for a full list of profiles for Statkraft plants in Colombia, and click here for a list of related project reports.

Six of the projects, with a combined capacity of 614 MW, are for solar plants. The remaining three are wind developments, with a combined capacity of 750 MW. The developments are located in the departments of La Guajira, Sucre, Cordoba, Caldas and Magdalena.

The power plants will generate electricity for Ecopetrol's self-consumption. Still, the company's president did not rule out the possibility of supply to the national grid in cases of energy surplus, as long as the plants are connected to the national network.

With the completion of all the projects, Ecopetrol would have added 1.36 GW of capacity to its portfolio. This would exceed the goal set by the state company of 900 MW of new power capacity as part of its decarbonization goals.

The government of Gustavo Petro has been critical of the hydrocarbon industry and has supported the transition to renewable energies, especially within Ecopetrol. In recent years, the company has entered the electricity market to develop renewable energy projects to expand its supply and reduce emissions.

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