Ecopetrol advances acquisition of the Jemeiwaa Ka'I wind cluster in La Guajira with the purchase of a 49% interest in the JK1 and JK2 wind projects

Ecopetrol S.A. has announced the acquisition of a 49% interest in the JK1 and JK2 wind projects, part of the Jemeiwaa Ka'I wind cluster, for a total deal value of approximately $25.5 million. This transaction, which fulfills the conditions outlined in an Investment Framework Agreement with AES Colombia, was disclosed on May 20, 2026. The JK1 and JK2 projects are located in La Guajira, Colombia, and are expected to generate around 1,100 GWh of electricity annually.

The JK1 and JK2 projects are designed with an aggregate capacity of 259 MW and include a 35-kilometer transmission line that connects them to the collector substation. The strategic acquisition aligns with Ecopetrol's broader energy transition strategy, which aims to enhance the company's renewable energy portfolio and reduce its carbon footprint. By integrating these wind projects, Ecopetrol is expected to improve energy cost efficiency and operational reliability, contributing significantly to its energy supply.

Ecopetrol is the largest company in Colombia and plays a crucial role in the energy sector across the Americas. The company is responsible for over 60% of the hydrocarbon production in Colombia and holds significant positions in various segments, including petrochemicals and gas distribution. Its recent acquisition of a 51.4% stake in ISA further expands its influence in energy transmission and infrastructure management across multiple countries, including Brazil, Chile, Peru, and Bolivia.

The wind projects are anticipated to deliver substantial environmental benefits, with an estimated reduction of approximately 4.3 million tons of CO₂ equivalent emissions over their operational lifespan. This aligns with global trends toward decarbonization and renewable energy adoption, as companies increasingly focus on sustainable practices to meet regulatory requirements and stakeholder expectations.

As the energy market continues to evolve, Ecopetrol's investment in renewable projects like JK1 and JK2 reflects a growing commitment to energy diversification and sustainability. The successful execution of this acquisition could serve as a catalyst for further investments in renewable energy within the region, potentially influencing market dynamics and encouraging other players to follow suit in the transition toward cleaner energy sources.