In a strategic leap forward for Peru’s clean energy trajectory, ENGIE has secured a substantial $600 million investment from the International Finance Corporation (IFC) to fuel the expansion of its renewable energy portfolio. The move not only strengthens Peru’s push for a greener future but also positions ENGIE as a central force in reshaping Latin America’s energy landscape. With this funding—anchored by a $120 million green and sustainability-linked loan—ENGIE is set to accelerate critical solar, wind, and energy storage projects across the country.

Targeted Projects Set to Transform the Energy Grid
The proceeds from IFC’s funding will be strategically channeled into three major initiatives. First up is the construction of the Central Expansion Solar Intipampa project, a 51.7 MW solar facility in Moquegua that will harness Peru’s high solar potential to provide sustainable energy to the grid.

Additionally, the Duna and Huambos wind farms, located in Cajamarca and collectively contributing 36.8 MW, will benefit from refinancing to optimize operations and financial sustainability. The investment also covers part of the Chilca-BESS battery storage system, a 26.5 MW facility that will strengthen energy reliability at the ChilcaUno thermal power site—marking a critical step toward balancing intermittent renewable sources with grid stability.

A Track Record of Clean Energy Leadership
ENGIE’s investment isn’t just about individual projects—it’s part of a broader, long-term vision. Since 2011, the company has funneled $2.7 billion into eight key projects in Peru, adding 1.468 GW of clean energy capacity to the national grid. Major assets include the 296.4 MW Punta Lomitas wind farm, the 134 MW Yuncan hydroelectric plant, and the 114 MW Quitaracsa hydropower facility, each contributing unique strengths—from base-load reliability to flexible dispatchable energy.

This robust portfolio is underpinned by power purchase agreements (PPAs) averaging 5.3 years, offering ENGIE predictable cash flows and financial resilience. Moreover, the alignment with international loan standards from the Loan Markets Association and the International Capital Market Association reflects ENGIE’s commitment to transparency and sustainability.

Empowering a Renewable Future for Peru
ENGIE’s partnership with IFC marks a significant milestone not just for the company, but for Peru’s broader energy transformation. As the country diversifies away from fossil fuels, this $600 million commitment offers a model for public-private collaboration to scale impactful energy infrastructure.

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