AES Colombia

What AES Colombia does

AES Colombia is the Colombian operating division of The AES Corporation (NYSE: AES), a Fortune 500 global energy company headquartered in Arlington, Virginia (Delaware-incorporated). The division operates as an integrated B2B energy solutions provider focused on renewable generation (utility-scale wind and solar), energy storage, advanced energy networks, natural gas infrastructure, and fuel conversion, primarily serving large industrial and corporate energy consumers, multinational corporations, and state-owned enterprises in Colombia and Latin America. Its portfolio is organized around new clean energy, cleaner reliability, advanced energy networks, and scalable ecosystems.

The company's core assets and pipeline center on the Jemeiwaa Ka'I wind cluster in La Guajira (approximately 1,087 MW planned capacity with a 35 km transmission line, developed in a 51/49 joint venture with Ecopetrol) and the operational Castilla Solar Park (21 MW under a 15-year PPA with Ecopetrol in Castilla La Nueva, Meta). Underlying technology includes the MAVERICK modular pre-wired solar platform accessed through partnership with 5B (3X faster deployment, 50% less land use), battery storage systems, smart grid infrastructure, and AI-powered grid optimization enabled via the Google Cloud partnership. Beyond Colombia, AES Colombia participates in the EnaDom joint venture with Energas in the Dominican Republic, which converted 750 MW from petroleum to natural gas.

AES Colombia generates revenue through long-term Power Purchase Agreements (subscription/recurring), investment framework agreements for co-developed infrastructure, and professional service fees for energy management and advisory work. The go-to-market motion is direct enterprise field sales targeting large energy consumers such as Ecopetrol, supplemented by strategic co-development alliances (Ecopetrol for wind, Energas for gas, Google for data center energy) and technology partnerships (5B for solar, Google for AI/cloud). Geographic footprint spans Colombia and the broader AES Latin America platform including the Dominican Republic.

Name

AES Colombia

Legal name

The AES Corporation

Website

https://aescol.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

51–100 employees

Short description

AES Colombia is the Colombian operating division of The AES Corporation (NYSE: AES), developing utility-scale wind and solar generation, energy storage, and natural gas infrastructure for large enterprise customers such as Ecopetrol and Google across Latin America.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation & Supply

NAICS

Wind Electric Power Generation (221115), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)

SIC

Cogeneration Services & Small Power Producers (4991), Electrical Industrial Apparatus (3620), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)

akta.pro secondary industries

Wind Balance-of-Plant EPC (Crane Pads, Turbine Foundations, Internal Roads) (EUAEADAI), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Transmission Interconnection & Line Works (Gen-Tie Lines, Overhead/Underground Lines) (EUAMAFAF)

Keywords

• Renewable energy generation
• Wind power projects
• Solar energy solutions
• Power purchase agreements
• Energy infrastructure services

Headquarters

HQ city

Cundinamarca

HQ country

Colombia

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Renewable Energy Generation & Distribution: AES Colombia generates and distributes electricity from renewable sources (wind, solar) and cleaner conventional sources (natural gas). Revenue is derived from long-term power purchase agreements (PPAs) with large energy consumers such as Ecopetrol, as well as from energy supply to national grids. The Jemeiwaa Ka'I wind cluster (approx. 1,087 MW) and Castilla Solar (21 MW) are key generation assets under development and operation.
2. Natural Gas Infrastructure & Distribution (via EnaDom JV): Through the EnaDom joint venture with Energas in the Dominican Republic, AES generates revenue from natural gas infrastructure development, pipeline distribution, and LNG supply. The partnership converted 750 MW from petroleum to natural gas and supplies 25–30% of the Dominican Republic's energy matrix.
3. Energy Management & Advisory Services (Google partnership): AES provides comprehensive energy management services to major corporate clients such as Google, including renewable energy procurement, grid optimization, lifecycle project management, market pricing, financing, regulatory compliance, and risk analysis. Revenue is derived from service fees and energy procurement contracts.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

AES Colombia generates and distributes electricity from renewable sources (wind and solar) and provides integrated clean energy solutions to large industrial and corporate customers. The company develops utility-scale wind farms, solar installations, battery storage systems, and natural gas infrastructure, supplying energy under long-term Power Purchase Agreements (PPAs) to enterprises such as Ecopetrol and Google. It also delivers energy management, grid modernization, and fuel conversion services as part of The AES Corporation's global clean energy portfolio.

Product overview

AES Colombia is a subsidiary of The AES Corporation, operating as an integrated energy company with a diversified portfolio of renewable energy products and clean technology solutions. The company's offerings include utility-scale wind farms (Jemeiwaa Ka'I Wind Cluster with projects JK1, JK2, JK4), solar installations (Castilla Solar Park, 5B MAVERICK technology), natural gas transition services (EnaDom joint venture), and energy management programs (RE100, data center solutions). The portfolio is organized around four product categories: new clean energy (wind, solar, storage), cleaner reliability (battery storage, advanced grids), advanced energy networks (smart grid infrastructure), and scalable ecosystems (fuel conversion, community partnerships).

Differentiator

Problem solved

Functional benefit

Brands

• AES Colombia Energy4Talent: AES Colombia's talent recruitment and development program for energy sector professionals.
• #MujeresConEnergía

Products and services

• Castilla Solar Park A 21 MW utility-scale solar installation in Castilla La Nueva, Meta department, Colombia, featuring 54,549 solar panels across 18 hectares. Built for Ecopetrol under a 15-year Power Purchase Agreement (PPA), it delivers over 30% savings on grid energy costs and avoids 154,000 tonnes of CO2 emissions over the contract term.
• Jemeiwaa Ka'I Wind Cluster A large-scale wind farm cluster under development in La Guajira, Colombia, with planned capacity of approximately 1,087 MW. Includes JK1, JK2 (combined 259 MW operational), JK4 (in environmental review/development), and additional phases. Includes a 35 km transmission line in the municipality of Uribia. AES Colombia holds 51% and Ecopetrol holds 49% in the joint venture. JK1/JK2 alone are expected to generate approximately 1,100 GWh annually.
• MAVERICK Modular Solar Solution Pre-wired, plug-and-play modular solar units delivered through AES's partnership with 5B. Enables 2X more energy per area, 200 kW+ per team per day installation rate, 3X faster deployment, and 50% less land use vs. conventional solar. Systems are portable, re-deployable, and suitable for adverse terrain including former landfill sites with minimal ground penetration and no civil engineering works. Integrates with battery storage, wind, and hybrid renewable configurations.
• EnaDom Natural Gas Transition A natural gas infrastructure transition joint venture with Energas in the Dominican Republic. Converts 750 MW from petroleum to natural gas, supplies 25-30% of the country's energy matrix, and is expected to deliver US$3 billion in savings over 10 years while avoiding 892,000 tonnes of CO2 emissions per year.
• Data Center Energy Management Services

Quantifiable outcome

• 30%+ reduction in grid energy costs for Ecopetrol via Castilla Solar PPA
• +7 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core / flagship, core and minor.

• Ecopetrol S.A.core / flagshipStrategic or Co-development Partner · 14 April 2025Ecopetrol signed an Investment Framework Agreement with AES Colombia to build 49% of the Jemeiwaa Ka'I wind cluster in La Guajira, Colombia. The project has approximately 1,087 MW capacity and includes a 35 km transmission line in the municipality of Uribia. In May 2026, Ecopetrol completed its acquisition of a 49% interest in JK1 and JK2 (259 MW) for approximately USD 25.5 million, with the Jemeiwaa Ka'I cluster targeting over US$1bn in total investment. This is the primary flagship partnership for AES Colombia's wind expansion strategy.
• 5BcoreTechnology or Integration · 30 July 2020AES partnered with 5B, a solar technology innovator, to deploy MAVERICK solar technology across Latin America. MAVERICK features pre-wired, plug-and-play modular solar units enabling 3X faster deployment and 50% less land use vs. conventional solar. AES Panama deployed 2 MW and AES Gener Chile deployed 10 MW using this technology as initial deployments. The partnership enables AES to offer rapid, flexible solar solutions to customers across challenging terrain.
• Energas (Dominican Republic)coreStrategic or Co-development PartnerAES joined with Energas (owner of the 300 MW San Pedro de Macorís power plant) to form the joint venture EnaDom (Energía Natural Dominicana), which developed the gas infrastructure and converted 750 MW from petroleum to natural gas in the Dominican Republic. The project supplies 25–30% of the country's energy matrix and is expected to save US$3 billion over 10 years.
• GooglecoreStrategic or Co-development PartnerAES and Google formed a strategic alliance for comprehensive energy management services supporting Google's goal to power its data centers with 24/7 carbon-free energy. AES provides renewable energy procurement, AI-powered grid modernization, and distribution product development leveraging Google Cloud technology. The partnership guaranteed 1 GW of additional renewable energy for Google and combines AES's energy expertise with Google's technology capabilities to accelerate the global clean energy transition.
• Castilla La Nueva Public Employment AgencyminorOthersAES Colombia partnered with the Castilla La Nueva public employment agency to support the #MujeresConEnergía gender equity initiative during construction of the Castilla Solar park. The partnership facilitated local hiring, with 111 women (29% of total construction workforce) employed through the program, including first-time employees and mothers heading households.

Scale indicators15 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Enel Green Power: Global renewables arm of Enel Group operating wind, solar, and storage projects across Latin America. Comparable as a large incumbent in the same wind/solar IPP category as AES Colombia.
• ENGIE Latin America: Global energy major with significant renewables and gas infrastructure operations across Latin America, including Colombia. Comparable as a large incumbent competing in renewables, storage, and gas conversion.
• Iberdrola Renovables Colombia: Latin American arm of Iberdrola, one of the world's largest renewable energy developers with utility-scale wind and solar projects across Colombia. Comparable as a major global incumbent competing for Colombian wind auction capacity.
• Acciona Energía: Global renewable energy IPP with a strong Latin American wind and solar project pipeline. Comparable as a major global renewables competitor pursuing similar utility-scale opportunities.
• Brookfield Renewable Partners: One of the largest publicly-traded renewable energy platforms globally, with significant wind, solar, and storage assets across Latin America. Comparable as a large institutional renewables developer/investor.

Direct peers

• Enel Colombia: One of the largest electricity generation and distribution operators in Colombia, with a growing renewable generation portfolio. Directly comparable to AES Colombia as a domestic energy generator serving large industrial and corporate customers with clean energy.
• ISA (Interconexión Eléctrica S.A.): Major Latin American transmission and energy infrastructure operator, now majority-owned by Ecopetrol. Comparable as a Colombian-headquartered energy infrastructure business with grid and generation adjacencies relevant to AES Colombia's transmission work.
• Celsia: Colombian energy company (part of Grupo Argos) operating generation, transmission, and distribution assets with significant renewable energy exposure. Comparable as a Colombia-based integrated energy player pivoting to renewables.
• EPM (Empresas Públicas de Medellín): Large Colombian state-owned multi-utility with generation, transmission, and distribution across Latin America, including a meaningful renewable generation portfolio. Comparable as a domestic integrated utility with wind/hydro assets.

Others

• Ecopetrol (renewables arm): Colombian state oil company and AES Colombia's anchor partner (49% of JK1/JK2). Comparable as a vertically-integrated energy player increasingly investing in renewables, but primarily a customer/partner rather than a competing developer in Colombia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/AES_Colombia
• YouTubeyoutube.com/channel/UCd2moVAhMiA2tJf4aWpKEaw
• Facebookfacebook.com/AEScolombiaoficial
• LinkedInlinkedin.com/company/aes-colombia
• Instagraminstagram.com/aescolombiaoficial

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AES Colombia