Climate Fund Managers and Erco Energía sell solar farm interests to Organización Terpel S.A.

Deal Analysis

Climate Fund Managers and Erco Energía's sale of their interests in the Pétalo del Norte de Santander I solar farm to Organización Terpel S.A. represents a transaction within Colombia's renewable energy sector. This share purchase agreement signifies a shift in ownership of the solar farm, with Organización Terpel S.A. expanding its portfolio in the solar energy space. The deal, announced on February 26, 2026, involves established players in the energy and investment sectors, indicating a level of maturity and investor confidence in the Colombian solar market. The transaction's financial details remain undisclosed, making it difficult to assess its precise scale, but the involvement of Climate Fund Managers suggests a focus on sustainable investment. The acquisition by Organización Terpel S.A. could be driven by a strategic move to diversify its energy sources and align with growing environmental, social, and governance (ESG) considerations. The deal underscores the increasing attractiveness of solar energy assets in Colombia, potentially signaling further investment and consolidation within the sector. While the capacity and project stage of the solar farm are not specified, the transaction highlights the ongoing development and commercialization of renewable energy projects in the region. Further details regarding the closing date and specific terms of the agreement will provide a more comprehensive understanding of the deal's impact.

Sale of interests in the Pétalo del Norte de Santander I solar farm.
Involves Climate Fund Managers, Erco Energía, and Organización Terpel S.A.
Transaction occurs within the Colombian solar energy market.
Financial details of the deal are not disclosed.

Market Context: Colombia's renewable energy sector is experiencing growth, driven by government incentives and increasing demand for clean energy sources. Solar energy is becoming an increasingly attractive option for investors and energy companies seeking to diversify their portfolios and reduce carbon emissions.

Source Intelligence

KEY DETAILS

The solar farm avoids an estimated 13,276 tonnes of CO₂ emissions each year and serving approximately 32,600 people. Quote: "avoiding an estimated 13,276 tonnes of CO₂ emissions each year and serving approximately 32,600 people."

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Capacity

Pétalo del Norte de Santander I is a 26.4 MWp solar PV facility

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Location

Pétalo del Norte de Santander I is a 26.4 MWp solar PV facility, located in Norte de Santander in the municipality of La Esperanza.

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Financials

Climate Fund Managers invested approximately $18 million in development and construction capital through Climate Investor One, its EU-supported renewable energy infrastructure fund.

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Announcement

Thursday, 26 February 2026

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COD

It was developed by Erco Energía and Climate Fund Managers and began dispatching electricity in August 2025.

PARTIES MENTIONED IN SOURCE

C

Climate Fund Managers seller

"Climate Fund Managers and Erco Energía have entered into a share purchase agreement with Organización Terpel S.A. , for the sale of their interests in the Pétalo del Norte de Santander I solar farm"

E

Erco Energía seller

"Climate Fund Managers and Erco Energía have entered into a share purchase agreement with Organización Terpel S.A. , for the sale of their interests in the Pétalo del Norte de Santander I solar farm"

O

Organización Terpel S.A. buyer

"Climate Fund Managers and Erco Energía have entered into a share purchase agreement with Organización Terpel S.A. , for the sale of their interests in the Pétalo del Norte de Santander I solar farm"

high quality Enriched Feb 26, 2026