The new Peruvian energy company projects an investment of US$ 1,000 million in the next 5 years to build more than 800 megawatts (MW) of renewable projects.
Orygen, the new Peruvian energy company, will assume the portfolio acquired by the global investment fund Actis, after the recent purchase of Enel Generación Perú.
The company begins its operations as an important player in the generation of renewable energy in the Andean country. In addition, it contains a diversified energy matrix made up of four technologies: solar, wind, water and gas thermal, whose installed capacity amounts to more than 2.2 gigawatts (GW).
Orygen will be led by Italian executive Marco Fragale. The company's brand new CEO is a mechanical engineer from the Polytechnic of Milan and a Master in Engineering from the Helsinki University of Technology.
“Energy originates everything. Originates new business, growth and prosperity. Orygen was born with the purpose of bringing sustainable, reliable and competitive energy to the industries that energize the Peruvian economy. We have a broad portfolio of 13 generation plants, we operate the most important solar and wind technology complexes in Peru, and we manage a robust pipeline of renewable projects of more than 12GW. We were born committed to the development of an ecosystem that protects the planet, improves the quality of life and offers competitive prices for everyone,” emphasized Marco Fragale, CEO of Orygen.
As part of its expansion plan, Orygen will have an investment of around US$ 1,000 million in the next 5 years to build new solar, wind and hybrid projects (solar and wind) in different parts of the country, which will allow it to add more from 800MW to its current renewable capacity.
“We have projects in very advanced stages of development, so we hope to have news in the coming months. We are excited to begin this new chapter in our history with the possibility of continuing to deliver the renewable energy that Peru needs to reduce its carbon footprint and boost people's well-being,” he added.
Currently, Orygen's renewable projects are diversified in 7 regions of Peru: Piura, Lambayeque, La Libertad, Cajamarca, Ica, Moquegua and Arequipa, which is a differential value in the market.
“More than 5GW of our pipeline is in an advanced state of development, including more than one project that will soon reach Ready-to-Build status. In this way, Orygen will continue to lead the country's renewable growth,” he concluded.
