Orygen begins operations with the largest renewable energy portfolio in the country

This Orygen release was published using machine translation.

Lima, June 17, 2024. ORYGEN is the name of the company that will take charge of the portfolio acquired by the global investment fund Actis, after the recent purchase of Enel Generación Perú. The company begins its operations leading the generation of renewable energy in the country and with a solid and diversified energy matrix made up of four technologies: solar, wind, hydro and thermal gas, 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. He also has an MBA from the SDA Bocconi School of Management in Milan. He has 25 years of experience in the energy sector, promoting the transition to cleaner energy sources.

“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 adding more than 800MW at 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.

___________

ORYGEN is a Peruvian company dedicated to the generation of sustainable, reliable and competitive energy for industries, through a diversified energy matrix with four technologies: solar, wind, water and gas thermal. It has an installed capacity of 2.2GW and a portfolio of 12GW of solar, wind and hybrid projects. ORYGEN has as its majority shareholder the global investment fund ACTIS, a leader in sustainable infrastructure that generates competitive returns for institutional investors, while producing a measurable positive impact for the countries, cities and communities in which it operates.

Visit www.orygen.com