Norwegian group Scatec has signed a power sales agreement with BTG Pactual for its first solar project in Colombia, representing an estimated $110mn investment.
President Gustavo Petro bans all coal exports to Israel, a decision with minor energy effects but strong diplomatic weight, illustrating his anti-Americanism and attempts to reshape Colombia’s domestic politics.
CATL unveiled in São Paulo its new 9MWh TENER Stack system, designed for the South American market, responding to rising demand for energy storage driven by the growth of renewable energy.
Frontera Energy Corporation confirms the divestment of its interest in the Perico and Espejo oil blocks in Ecuador, signalling a strategic refocus on its operations in Colombia.
Gran Tierra Energy confirms a major asset acquisition in Ecuador’s Oriente Basin for USD15.55mn, aiming to expand its exploration and production activities across the Andean region.
Brookfield Renewable announces an investment of up to $1 billion to increase its stake in the Colombian energy company Isagen to 38%. Qatar Investment Authority (QIA) is also co-investing to raise its stake to 15%.
An explosion caused by a homemade explosive device in northeastern Colombia has forced Cenit, a subsidiary of Ecopetrol, to temporarily suspend operations on the strategic Caño Limón-Coveñas pipeline, crucial to the country's oil supply.
The Colombian prosecutor’s office has seized two offices belonging to the oil company Perenco in Bogotá. The company is accused of financing the United Self-Defense Forces of Colombia (AUC) in exchange for security services between 1997 and 2005.
MPC Energy Solutions has signed an agreement to sell its stake in the Planeta Rica solar project in Colombia. The transaction is expected to close by the end of 2025.
Brazil, Mexico, Argentina, Colombia, Chile, and Peru significantly increase renewable electricity production, reaching nearly 70% of the regional electricity mix, according to a recent Wood Mackenzie study on Latin America's energy sector.
Ecopetrol S.A. finalises the acquisition of Wind Autogeneración from Enel S.A.S., thereby taking over the Windpeshi wind project in Colombia, with a planned capacity of 205 MW, aimed at the Colombian oil group's energy self-consumption.
Colombia is experiencing a significant drop in voluntary carbon credit prices due to a major oversupply, destabilizing the financial balance of associated communities and projects.
Oil companies may reduce their exploration and production budgets in 2025, driven by geopolitical tensions and financial caution, according to a new report by U.S. banking group JP Morgan.
The Financial Superintendency of Colombia approves an amendment to Ecopetrol’s local bonds and commercial paper program, enabling issuance of sustainable, indexed, or in-kind repayable instruments.
S&P Global Ratings lowers Ecopetrol's global rating to BB following Colombia's sovereign downgrade, while Moody’s Investors Service confirms the group's Ba1 rating with a stable outlook.
Port-au-Prince is without electricity after residents of Mirebalais forcibly shut down a hydroelectric plant protesting government inaction amid escalating gang-related violence.
Ecopetrol received approval from the Ministry of Finance to contract a $500mn loan with Banco Santander, intended to cover non-investment expenses under its 2025 financing plan.
Under the presidency of Gustavo Petro, Colombia is experiencing a historic turning point in terms of energy and environmental policy. With a firm commitment to energy transition, the Petro government aims to reduce the country's dependence on fossil fuels.
Empresas Públicas de Medellín's (EPM) 2.4 GW hydroelectric project, Ituango, has been awarded silver certification by the Hydropower Sustainability Alliance (HSA), marking a significant recognition of its sustainable environmental, social and governance (ESG) practices.
By 2023, the offshore wind industry had expanded significantly, laying the foundations for a decade of rapid growth thanks to key policy developments and strengthened collaborations.
Statkraft has finalized the acquisition of Enerfin, strengthening its position in renewable energies in Spain and Brazil with 1.5GW of wind and solar projects.
Colombia recently halted its electricity exports to Ecuador, a decision taken in response to a persistent drought that threatens the stability of its hydroelectric power grid.
In Colombia, the conversion of vehicles to natural gas is gathering pace as the country's first left-wing government abolishes gasoline subsidies, offering tax incentives for natural gas vehicles.
The fate of the climate negotiations at COP28 rests on an ambiguity surrounding the term "unabated fossil fuels", evoking a decisive turning point in global climate policy.
At the heart of COP28, Colombia stands out as the first major continental oil producer to support an anti-fossil fuel treaty, illustrating a progressive commitment to a sustainable future.
The International Court of Justice has rejected Nicaragua's claim against Colombia concerning an oil- and fish-rich area of the Caribbean Sea. Colombia celebrated the decision as a "great victory", putting an end to their latest legal dispute over the delimitation of maritime borders.
Colombian oil reserves are dwindling faster than expected, allowing domestic supply only until 2030. This alarming situation calls into question the government's energy transition and is causing concern within the oil industry.
Colombian motorists are facing an unprecedented increase in gasoline prices, following the removal of government subsidies. This decision aims to reduce the public deficit and promote a sustainable environmental policy, but it has led to high inflation and criticism from citizens.
Venezuelan President Maduro is accusing the United States of "looting" Citgo, a refining company owned by Venezuelan oil giant PDVSA, as a U.S. court authorizes the sale of Citgo's shares to pay off its creditors.
Colombia is investing $135 million in renewable energy to reduce its dependence on oil and cut greenhouse gas emissions. The government will no longer award contracts for hydrocarbon exploration and production.
Enerfín, the renewable energy subsidiary of Elecnor Group, is building its first photovoltaic plant in Colombia with a loan of 300 billion Colombian pesos. This plant, located in the La Dorada region, is expected to produce 263 GWh per year and avoid the emission of 132,480 tons of CO2 each year.
