- Actis launches Orygen, a new IPP in Peru, targeting renewables leadership.
- Orygen enters with 2.2 GW capacity across solar, wind, hydro, and thermal gas.
- Marco Fragale appointed CEO to lead Orygen’s role in Peru’s energy transition.
Actis, a prominent private equity firm specialising in energy investments, has made significant strides in Peru’s renewable energy sector with the launch of Orygen, a new independent power producer (IPP). Orygen aims to carve out a leading position in the market, backed by an ambitious project pipeline exceeding 12 GW.
The establishment of Orygen marks a strategic move following Actis’ recent acquisition of Enel SpA’s interests in two Peruvian power generation companies. This acquisition bolsters Actis’ presence in Peru and sets the stage for Orygen to thrive in the country’s evolving energy landscape.
Orygen enters the market boasting a substantial 2.2 GW of installed capacity across diverse technologies, including solar, wind, hydroelectric, and thermal gas. Since its inception, this comprehensive portfolio has positioned Orygen as Peru’s largest renewable energy platform, underscoring its commitment to sustainability and energy diversification.
Marco Fragale, appointed CEO to spearhead Orygen’s operations and strategic initiatives, is leading the charge. Fragale brings a wealth of experience in the energy sector and is poised to steer Orygen towards achieving its ambitious growth targets and contributing significantly to Peru’s renewable energy transition.
Alberto Estefan, Actis’ partner overseeing energy infrastructure investments, expressed confidence in Fragale’s leadership and highlighted Orygen’s pivotal role in advancing Peru’s energy goals. Estefan emphasised that Orygen is well-positioned to drive innovation and sustainability in Peru’s power generation sector, aligning with global trends towards cleaner energy sources.
Actis’ commitment to Orygen signifies a strategic investment in Peru’s renewable energy future and underscores its broader mission to support sustainable development goals through impactful investments in emerging markets. With Orygen’s robust foundation and visionary leadership, Actis anticipates significant contributions to transforming Peru’s energy landscape, reinforcing its leadership in the renewable energy sector.
Actis’ launch of Orygen marks a milestone in Peru’s energy sector. It established a formidable presence in renewable energy generation by leveraging substantial investments and strategic acquisitions. With a strong leadership team and a diverse portfolio of renewable technologies, Orygen is poised to lead Peru’s energy transition while contributing to global efforts to combat climate change and promote sustainable development.