EC

New Appointments at Ecopetrol: Ecopetrol has appointed Sergio Andrés Moreno Acevedo as Corporate Vice President of Science, Technology and Innovation effective July 28, 2025, and Bayron Triana Arias as Executive Vice President of Energy for the Transition effective August 1, 2025. Both have extensive experience in their respective fields and will replace previous executives.

Ecopetrol's Industry Position: As Colombia's largest company, Ecopetrol plays a crucial role in the energy sector, responsible for over 60% of the country's hydrocarbon production and holding significant positions in various energy-related markets across the Americas.

Acquisition Details: Ecopetrol S.A. has acquired 100% of Wind Autogeneración S.A.S., including the Windpeshi project, which will add 205 MW of wind power capacity to its energy portfolio and is expected to generate around 1,006 GWh annually.

Project Impact and Investment: The project aims to reduce energy costs and CO2 emissions by 4.8 million tons, with an estimated investment of $350 million from 2025 to 2027, while also engaging with local Wayuu indigenous communities during implementation.

Ecopetrol Acquires Wind Autogeneración: Ecopetrol has completed the acquisition of 100% of Wind Autogeneración S.A.S. from Enel S.A.S., enabling the development of the Windpeshi project in La Guajira, which will generate 205 MW of wind power and contribute significantly to the company's energy transition strategy.

Impact and Future Plans: The Windpeshi project is expected to reduce CO2 emissions by approximately 4.8 million tons and requires an investment of nearly $350 million. Ecopetrol plans to restart construction by the end of 2025 and engage with local indigenous communities throughout the project's development.