Divestiture • Renewable Energy

Ecopetrol Acquires Enerfin

On May 21, 2025, Ecopetrol acquired renewable energy company Enerfin from Statkraft AS

Acquisition Context
  • This is Ecopetrol’s 1st transaction in the Renewable Energy sector.
  • This is Ecopetrol’s 2nd transaction in Colombia.

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M&A Deal Summary

Date May 21, 2025
Target Enerfin
Sector Renewable Energy
Buyer(s) Ecopetrol
Sellers(s) Statkraft AS
Deal Type Divestiture

Target Company

Enerfin

Bogota, Colombia
Enerfin is a renewable energy company involved in the development, construction, and operation of solar and wind power generation projects. Enerfin was established in 2016 and is based in Bogota, Colombia.
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Buyer Overview 1

Buyer

Ecopetrol

Bogota, Colombia

Category Company
Founded 1948
Sector Oil/Gas Exploration
Employees13,977
Revenue 133.33T COP (2024)
DESCRIPTION

Ecopetrol is an integrated oil & gas company. The Company is involved in exploration and production activities in Brazil, Peru and the United States Gulf Coast, and owns the main refineries in Colombia, most of the network of oil and multiple purpose pipelines in the country, petrochemical plants, and is entering into the biofuels business. Ecopetrol was founded in 1948 and is headquartered in Bogota, Colombia.


Deal Context for Buyer #
Overall 2 of 2
Sector: Renewable Energy 1 of 1
Type: Divestiture 2 of 2
Country: Colombia 2 of 2
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-16 Ocensa

Bogota, Colombia

Ocensa is a mixed economy company, with the objective of commercially designing, building, operating, managing and operating an oil transportation system. It is a strategic company for the transport of hydrocarbons and an incentive for oil investors in the country for being a reliable operator and recognized by the standards with which it carries out its activities. Ocensa was founded in 1994 and is based in Bogota, Colombia.

Buy $418M

Seller Profile 1

SELLER

Statkraft AS

Oslo, Norway

Category Company
Sector Renewable Energy
Employees4,200
DESCRIPTION

Statkraft is a Europe’s largest generator of renewable energy. The Group produces hydropower, wind power, gas-fired power and district heating and is a global player in energy market operations. Statkraft has 4200 employees in more than 20 countries.


Deal Context for Seller #
Overall 1 of 1
Sector: Renewable Energy 1 of 1
Type: Divestiture 1 of 1
Country: Colombia 1 of 1
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-17 Solarcentury

London, United Kingdom

Solarcentury is a developer of solar power plants in Europe and Latin America, with operations also in Africa. It is an integrated solar platform that develops, structures, finances, builds and operates solar parks around the world. Solarcentury was established in 1998 and is based in London, United Kingdom.

Buy -