Actis, a global investor focused on sustainable infrastructure in growth markets, has completed the sale of Orygen, a major power generation platform in Peru, to Grupo Romero through an affiliate managed by InfraCorp, the group’s energy and infrastructure investment platform.
Orygen is currently the second-largest power generation platform in Peru, with 2.3 GW of installed capacity across a diversified portfolio that includes wind and solar (28%), hydropower (34%), and thermal gas assets (38%). During Actis’ ownership, the company strengthened its position as one of the country’s leading power producers while building the largest renewables portfolio in the Peruvian power market.
Actis established Orygen in 2024 following the acquisition of Enel Generación Perú from Enel and the full acquisition of Compañía Energética Veracruz. The firm subsequently carved out the assets and created Orygen as an independent power producer, focused on supplying reliable and cleaner electricity to Peru’s growing economy.
During its ownership period, Actis implemented a value-creation strategy centered on digital transformation, strategic repositioning, commercial optimisation, and capital structure improvements. The company also strengthened Orygen’s leadership team and advanced its renewable energy expansion strategy.
Key developments during this period included the completion of the 177 MW Wayra 2 wind farm and the start of construction of Wayra Solar, a 100 MWp solar project, while continuing to expand the company’s development pipeline. In addition, Orygen sourced more than 1.7 TWh of renewable power from third-party developers over the past year, strengthening its offering to commercial and industrial customers and supporting the expansion of wind and solar capacity across Peru.
A significant milestone under Actis’ ownership was the issuance of a US$1.2 billion, investment-grade, 10-year bond in September 2024, which at the time became the largest single-tranche private corporate bond issuance in Peru. The transaction also marked Actis’ largest capital markets debt raise to date and significantly strengthened Orygen’s capital structure.
Commenting on the transaction, Nicolas Escallon, Managing Director of Energy Infrastructure at Actis, said the investment represented the type of opportunity the firm seeks—identifying high-quality businesses early and applying operational and financial expertise to unlock value. He noted that within less than two years, the platform was consolidated into a market leader, delivering significant value for investors.
Alberto Estefan, Managing Director of Energy Infrastructure at Actis, added that the firm successfully transformed Orygen into an independent market leader, strengthened its management team, delivered new renewable energy assets, and achieved strong EBITDA growth during the ownership period.
Actis noted that Latin America remains a highly attractive market for energy investment, supported by strong demand growth, favorable market conditions, and a significant pipeline of opportunities.
Since its inception, Actis has invested US$11 billion in the energy sector and currently manages US$8.5 billion in energy assets. The firm has also built, operated, or contracted approximately 42 GW of capacity globally and completed more than 50 exits across real asset investments.
Subscribe to get the latest posts sent to your email.
