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Colombia's Energy Shift: Ecopetrol Reportedly Sails Into Offshore Wind Auction

Ecopetrol S.A. (NYSE: EC) is reportedly analyzing its potential direct participation in the Andean country’s first-ever offshore wind auction. The government of President Gustavo Petro, Colombia’s first leftist leader, stated that it wants to reduce the Andean country’s dependence on fossil fuels along with ensuring energy self-sufficiency, reported Reuters. The bidders in the auction for concessions off the country’s Caribbean coast are mandated to demonstrate some sort of partnership deal with a public ...