Colombian state-owned company Ecopetrol has signed an agreement to acquire Enerfín Colombia, the local subsidiary of Norwegian energy company Statkraft, which specialises in renewable energy. The transaction covers all the company’s assets in Bogotá, including eight projects under development and one operational solar plant.
Established in 2016, Enerfín Colombia has been operating the Portón del Sol solar plant, with a capacity of 130 megawatts (MW), for more than a year. This facility is Colombia’s first utility-scale solar installation. The agreement also includes the transfer of the local team. Completion of the transaction is expected in the third quarter of 2025, subject to standard regulatory approvals.
Statkraft continues strategic refocusing
This divestment is part of Statkraft’s strategy to exit markets considered non-core. The Norwegian company, which is fully owned by the state, acquired the Colombian assets through its purchase of Enerfín in May 2024. That acquisition significantly bolstered Statkraft’s presence in Spain and Brazil, adding a combined portfolio of 1.5 gigawatts (GW) of wind and solar projects in operation or under construction.
Barbara Flesche, Executive Vice President for Europe at Statkraft, said in a statement: “This transaction marks the second planned divestment of our Enerfín portfolio outside our core markets. It confirms the work of the local teams and the strength of the Colombian portfolio.”
Ecopetrol targets renewables expansion
Ecopetrol’s acquisition aligns with the company’s ambition to expand its energy portfolio beyond hydrocarbons. While the transaction value has not been disclosed, the Colombian group is acquiring a set of already-developed assets, which may support its positioning in the local renewable energy market.
Statkraft, for its part, continues to focus investments in the Nordics, Europe, and selected South American countries, with the aim of scaling in target markets. The sale of Enerfín Colombia allows the company to reallocate resources while capitalising on the value of non-core assets.
The Portón del Sol solar plant, the first of its kind in Colombia to operate at utility scale, is now a key element in the country’s energy landscape.
