Sustainable infrastructure investor Actis has launched a renewables-focused independent power producer (IPP) in Peru.
The inauguration of the Orygen brand follows Actis’ acquisition of a 92.35% stake in Enel Generacion Peru and 100% stake in Compania Energetica Veracruz last month.
Orygen will commence operations with a 2.2GW diversified energy generation installed capacity, including one of Peru’s largest renewable energy portfolios.
The business plans to further increase this renewable energy offering on the back of a 12GW development portfolio.
Orygen’s assets comprise solar, wind, hydroelectric and thermal gas.
Marco Fragale has been appointed as Orygen’s chief executive.
Partner, energy infrastructure, at Actis Alberto Estefan said: “It’s an exciting time and with the launch of Orygen, a new story begins for the Peruvian energy market.
“Actis has great plans for this platform and appetite to mobilise capital behind the business plan.
“Under the skilled leadership of Marco we’re confident that Orygen will play a critical role in Peru’s energy transition.
“I look forward to continuing the work to create a successful and valuable platform.”
Fragale added: “Orygen was created with the purpose of bringing sustainable, reliable and competitive energy to the industries that drive the Peruvian economy.
“We have a broad energy portfolio, operate the largest set of solar and wind assets in Peru, and manage a robust pipeline of renewable projects of more than 12GW.
“We are committed to developing an ecosystem that protects the planet, improves quality of life and offers competitive prices for all.”
The launch of Orygen enhances Actis’ energy portfolio in Latin America, with the new brand joining regional generation platforms Serena Energy and Valia Energia.
Globally Actis has built and invested in 28 energy generation businesses, with an installed capacity of 35GW.