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Ecopetrol buys Colombian wind power project from Enel for $50M (EC:NYSE)

Seeking Alpha · last updated
Ecopetrol sign at the company building on the Seventh Avenue in Bogota

anamejia18/iStock Editorial via Getty Images

Ecopetrol (NYSE:EC) said Monday it purchased the Windpeshi wind power project in Colombia’s La Guajira province from Enel (OTCPK:ENLAY) in a deal valued at $50M.

Windpeshi will have an installed capacity of 205 MW for wind power generation, which Ecopetrol (