Exclusive-Colombia mulls making Ecopetrol mandatory partner in offshore wind farms
By Oliver Griffin
BOGOTA (Reuters) -Colombia's government is considering revising rules to make majority state-run energy company Ecopetrol an obligatory partner in every offshore wind project, three people familiar with the matter told Reuters.
The Ministry of Mines and Energy will consult businesses interested in taking part in Colombia's first-ever offshore wind auction about the proposal, one of the sources said in recent days, adding that feedback so far has been positive.
If approved, the revision would make it «mandatory for Ecopetrol to take part in each offshore project,» another source told Reuters.
The government of President Gustavo Petro, Colombia's first leftist leader, has set its sights on weaning the Andean country from its dependence on fossil fuels while ensuring energy self sufficiency.
The Ministry of Mines and Energy did not respond to questions from Reuters.
Ecopetrol Chief Executive Ricardo Roa told Reuters in an interview later on Monday that regulations for renewables have been developing bit by bit to allow the company «to eventually become a big actor in energy generation in the country.»
Having Ecopetrol partner with other companies on offshore wind farms would «minimize the risks of new projects,» one of the sources said, adding that the size of any given Ecopetrol stake would be «very, very small,» without indicating possible percentages.
Ecopetrol's involvement in offshore wind projects would help shore up energy self sufficiency, another of the sources said.
«For energy security, it's the most important (thing),» another said, referring to Ecopetrol's involvement in the projects.
Plans to hold the bidding round to assign maritime blocks for offshore wind farms are running behind.
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