Ecopetrol Buys Enel’s 205-MW Windpeshi Project for $50 Million

Colombian state-controlled oil company Ecopetrol has purchased the Windpeshi wind-farm project in La Guajira from Enel for about $50 million, acquiring 100 percent of Wind Autogeneración S.A.S., the vehicle that holds the asset. The deal, approved by Ecopetrol’s board in December 2024 and now cleared by regulators, marks the company’s first fully owned wind development and expands its push into renewable energy. Windpeshi, located between the municipalities of Uribia and Maicao, will install 41 turbines with a combined capacity of 205 megawatts. Once operating, the farm is expected to generate roughly 1,006 gigawatt-hours a year—enough to meet 8 to 9 percent of Ecopetrol’s electricity needs—and avoid about 4.8 million tonnes of carbon-dioxide emissions over its lifetime. Ecopetrol plans to restart construction before the end of 2025 and aims to bring the facility online by 2028. The company estimates total development spending at around $350 million through 2027. The project had been shelved by Enel amid disputes with local Wayuu communities; Ecopetrol says it will prioritize dialogue with indigenous leaders to keep the schedule on track while advancing Colombia’s broader energy-transition goals.