BOGOTA, COLOMBIA (By ECOPETROL, 20.May.2026, Words: 285) — ECOPETROL S.A., pursuant to the investment framework agreement entered into with AES Colombia & CIA SCA E.S.P., as disclosed on 14 Apr. 2025, the conditions precedent and legal requirements for the acquisition of a 49% interest in 2 of the 6 projects comprising the wind cluster have been fulfilled.
The JK1 and JK2 projects are located in the department of La Guajira and have an aggregate acquisition value of approximately $25.5mn. The projects have an assigned capacity of 259 MW and include a 35km transmission line connecting them to the collector substation.
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ECOPETROL and AES Colombia are working on the execution and operation framework for the development of the projects through a special purpose vehicle, in the form of an autonomous patrimony.
Following completion of construction and commencement of operations, the JK1 and JK2 projects are expected to generate approximately 1,100 GWh annually, representing approximately 12% of the ECOPETROL Group’s average energy demand. The projects are expected to improve energy cost efficiency and strengthen operational reliability. In addition, they are anticipated to support the Group’s energy transition strategy by delivering estimated decarbonization benefits of approximately 4.3 million tons of CO₂ equivalent.
This is equivalent to removing cars and motorcycles from circulation in the city of Bogotá for approximately 570 days. This estimate is based on a 25-year operating projection and uses as reference an emissions reduction of 7,600 tons recorded during Bogotá’s “Car-Free Day” (22 Sep. 2022).
In connection with this transaction, the conditions precedent for the remaining four projects comprising the Jemeiwaa Ka’I wind cluster remain pending. Once satisfied, those conditions will enable completion of the acquisition of the remaining portion of the 49% interest in the cluster.
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