Ecopetrol and AES Colombia sign an agreement to build the Jemeiwaa Ka'I wind cluster in La Guajira
Ecopetrol (EC) has signed an Investment Framework Agreement with AES Colombia to acquire a 49% stake in the Jemeiwaa Ka'I wind cluster project in La Guajira, Colombia. The project includes wind facilities in Uribia municipality with an approximate capacity of 1,087 MW and a 35 km transmission line.
The agreement is subject to fulfillment of condition precedents and legal requirements. Ecopetrol, Colombia's largest energy company, operates across multiple sectors including hydrocarbons production, transportation, refining, petrochemicals, and gas distribution. The company controls over 60% of Colombia's hydrocarbon production and owns 51.4% of ISA, expanding its presence in energy transmission and infrastructure.
Ecopetrol (EC) ha firmato un Accordo Quadro di Investimento con AES Colombia per acquisire una partecipazione del 49% nel progetto eolico Jemeiwaa Ka'I nella regione di La Guajira, Colombia. Il progetto prevede impianti eolici nel comune di Uribia con una capacità approssimativa di 1.087 MW e una linea di trasmissione di 35 km.
L'accordo è soggetto al rispetto delle condizioni preliminari e dei requisiti legali. Ecopetrol, la più grande azienda energetica della Colombia, opera in diversi settori tra cui produzione, trasporto, raffinazione di idrocarburi, petrolchimica e distribuzione di gas. L'azienda controlla oltre il 60% della produzione di idrocarburi in Colombia e possiede il 51,4% di ISA, ampliando la sua presenza nella trasmissione e nell'infrastruttura energetica.
Ecopetrol (EC) ha firmado un Acuerdo Marco de Inversión con AES Colombia para adquirir una participación del 49% en el proyecto del parque eólico Jemeiwaa Ka'I en La Guajira, Colombia. El proyecto incluye instalaciones eólicas en el municipio de Uribia con una capacidad aproximada de 1,087 MW y una línea de transmisión de 35 km.
El acuerdo está sujeto al cumplimiento de condiciones previas y requisitos legales. Ecopetrol, la mayor empresa de energía de Colombia, opera en múltiples sectores, incluyendo producción, transporte, refinación de hidrocarburos, petroquímica y distribución de gas. La empresa controla más del 60% de la producción de hidrocarburos en Colombia y posee el 51,4% de ISA, ampliando su presencia en la transmisión de energía e infraestructura.
에코페트롤 (EC)은 AES 콜롬비아와 협약을 체결하여 콜롬비아 라과히라에 있는 제메이와 카이 풍력 클러스터 프로젝트의 49% 지분을 인수하기로 했습니다. 이 프로젝트는 우리비아 시에 약 1,087 MW의 용량을 가진 풍력 시설과 35km의 송전선을 포함합니다.
이 협약은 조건 충족 및 법적 요구 사항의 이행에 따라 달라집니다. 콜롬비아 최대 에너지 기업인 에코페트롤은 탄화수소 생산, 운송, 정제, 석유화학 및 가스 분배 등 다양한 분야에서 운영되고 있습니다. 이 회사는 콜롬비아의 탄화수소 생산의 60% 이상을 차지하며, ISA의 51.4%를 소유하고 있어 에너지 전송 및 인프라에서의 입지를 확장하고 있습니다.
Ecopetrol (EC) a signé un Accord-Cadre d'Investissement avec AES Colombie pour acquérir une participation de 49% dans le projet de parc éolien Jemeiwaa Ka'I en La Guajira, Colombie. Le projet comprend des installations éoliennes dans la municipalité d'Uribia avec une capacité approximative de 1 087 MW et une ligne de transmission de 35 km.
L'accord est soumis à la réalisation de conditions préalables et d'exigences légales. Ecopetrol, la plus grande entreprise énergétique de Colombie, opère dans plusieurs secteurs, y compris la production, le transport, le raffinage des hydrocarbures, la pétrochimie et la distribution de gaz. L'entreprise contrôle plus de 60% de la production d'hydrocarbures en Colombie et détient 51,4% d'ISA, élargissant ainsi sa présence dans la transmission d'énergie et les infrastructures.
Ecopetrol (EC) hat einen Investitionsrahmenvertrag mit AES Kolumbien unterzeichnet, um eine Beteiligung von 49% am Windparkprojekt Jemeiwaa Ka'I in La Guajira, Kolumbien, zu erwerben. Das Projekt umfasst Windkraftanlagen in der Gemeinde Uribia mit einer ungefähren Kapazität von 1.087 MW und einer 35 km langen Übertragungsleitung.
Der Vertrag steht unter dem Vorbehalt der Erfüllung von Vorbedingungen und rechtlichen Anforderungen. Ecopetrol, das größte Energieunternehmen Kolumbiens, ist in mehreren Sektoren tätig, darunter die Produktion, der Transport, die Raffinierung von Kohlenwasserstoffen, Petrochemie und Gasverteilung. Das Unternehmen kontrolliert über 60% der Kohlenwasserstoffproduktion in Kolumbien und besitzt 51,4% von ISA, was seine Präsenz im Bereich der Energieübertragung und Infrastruktur erweitert.
- Strategic expansion into renewable energy with 1,087 MW wind power project
- Diversification of energy portfolio beyond traditional oil and gas operations
- Partnership with established energy player AES Colombia
- Project completion subject to various conditions and legal requirements
- Significant capital investment required for 49% stake acquisition
Insights
Ecopetrol's agreement with AES Colombia to build 49% of the Jemeiwaa Ka'I wind cluster represents a significant diversification move for Colombia's largest hydrocarbon producer. With an approximate capacity of 1,087 MW and accompanying 35 km transmission line, this is a substantial renewable energy project in La Guajira.
The investment aligns with Ecopetrol's broader portfolio evolution beyond its traditional operations, where it currently controls over 60% of Colombia's hydrocarbon production. Following its acquisition of 51.4% of ISA's shares, Ecopetrol has already established positions in energy transmission across several South American countries.
While financial terms remain undisclosed and the deal is subject to conditions precedent, the scale suggests material capital commitment. The conditional nature of the agreement indicates several regulatory and financial hurdles must still be cleared before implementation.
The location in La Guajira is noteworthy as this region offers among Colombia's strongest wind resources. For Ecopetrol, which has built its business primarily on fossil fuels, this wind project represents a complementary asset that potentially reduces portfolio volatility through revenue diversification while positioning the company in the growing renewable sector.
The Jemeiwaa Ka'I wind cluster represents a substantial infrastructure commitment with its 1,087 MW capacity and 35 km transmission line. For context, a project of this scale would typically require investment in the hundreds of millions to low billions of dollars, though specific figures aren't disclosed in the announcement.
Ecopetrol's 49% ownership structure is strategically significant - it allows them meaningful participation without assuming full development and operational responsibilities, suggesting a balanced risk approach. The municipality of Uribia in La Guajira provides geographical advantages for wind generation, though infrastructure projects in this region have historically faced implementation challenges.
The conditional nature of this agreement - subject to "precedent conditions and legal requirements" - signals that regulatory approvals, financing arrangements, and possibly community agreements remain outstanding. These conditions create execution uncertainty despite the formal agreement.
For Ecopetrol, this investment extends their energy value chain beyond their traditional hydrocarbon focus and complements their existing energy transmission assets acquired through ISA. The development timeline and eventual operational date remain undisclosed, which limits assessment of near-term financial impact on Ecopetrol's performance. However, once operational, such assets typically provide stable, long-term cash flows with different risk profiles than extraction-based businesses.
Jemeiwaa Ka'I comprises a portfolio of wind projects located in the upper and middle Guajira, in the municipality of Uribia, with an approximate capacity of 1,087 MW, along with a 35 km transmission line.
Once the precedent conditions and legal requirements are met, Ecopetrol S.A. will publish the pertinent information in accordance with its respective legal regime, through this same medium and/or any other applicable channels
Ecopetrol is the largest company in
This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the
For more information, please contact:
Head of Capital Markets
Carolina Tovar Aragón
Email: investors@ecopetrol.com.co
Head of Corporate Communications (
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co
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SOURCE Ecopetrol S.A.
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