Exclusive-Colombia's Ecopetrol exploring participation in offshore wind auction

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Exclusive-Colombia's Ecopetrol exploring participation in offshore wind auction
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Exclusive-Colombia's Ecopetrol exploring participation in offshore wind auction

BOGOTA - Colombia's majority state-owned energy company Ecopetrol is analyzing its potential direct participation in the Andean country's first-ever offshore wind auction, the company said in a statement to Reuters.

But it had not been known whether Ecopetrol would seek to qualify for the auction process as a bidder itself. Public or mixed-ownership companies that later join private company bids are not subject to evaluation at the qualification stage under the terms of the auction. "The qualification stage requires Ecopetrol to participate jointly with a partner," it said in the statement.

Offshore wind energy represents a good opportunity to incorporate non-conventional renewable energy into Ecopetrol's operations, the company said.

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