Actis introduces Orygen and appoints new CEO after acquisition of Enel Generación Perú

Orygen begins operations with a diversified power generation capacity of 2.2 GW, including the largest renewable energy portfolio in Peru. The company’s goal is to expand this leading offer of renewable energy sources with a portfolio of development projects with a capacity of 12 GW. Currently, Orygen’s assets include four energy generation technologies: solar, wind, hydroelectric and gas thermal.

Marco Fragale has been appointed CEO of Orygen. Fragale, an experienced energy executive, has held multiple positions at Enel in Latin America, including in Peru. He obtained a degree in mechanical engineering from the Politecnico di Milano, a master’s degree in engineering from the Helsinki University of Technology and an MBA from the SDA Bocconi School of Management in Milan. With 25 years of experience, Fragale has played a key role in advancing the energy transition.

Alberto Estefan, Partner, Energy Infrastructure at Actis, commented: “These are exciting times and with the launch of Origen, a new story begins for the Peruvian energy market. Actis has great plans for this platform and wants to mobilize capital for the business plan. We are confident that under Marco Orygen’s skilled leadership, he will play a key role in Peru’s energy transformation. I look forward to continuing our work to create a successful and valuable platform.”

Nicolas Escallon, Partner, Energy Infrastructure at Actis, added: “Orygen has bold plans to further develop its already market-leading renewable energy portfolio to provide a highly competitive and sustainable offering to commercial and industrial customers in Peru. This proven approach has proven highly effective across several Actis platforms, and our investment in Orygen will have a significant impact in Peru, improving energy security and affordability while accelerating the country’s decarbonization.”

Marco Fragale, CEO of Orygen, said: “Energy is the source of everything. Creates new business, growth and prosperity. Orygen was founded to provide sustainable, reliable and competitive energy to the industries that power the Peruvian economy. We manage the largest set of solar and wind assets in Peru and a robust pipeline of renewable projects with capacity exceeding 12 GW. We are committed to developing an ecosystem that protects the planet, improves quality of life and offers competitive prices for all.

Lima, Peru – Actis, a leading global investor in sustainable infrastructure, announced the launch of Orygen, its newest energy platform operating as an independent power producer in Peru. This inauguration follows Actis’s acquisition last month of 92.35% of the shares in Enel Generación Perú SAA and 100% of the shares in Compania Energetica Veracruz.

Orygen begins operations with a diversified power generation capacity of 2.2 GW, including the largest renewable energy portfolio in Peru. The company’s goal is to expand this leading offer of renewable energy sources with a portfolio of development projects with a capacity of 12 GW. Currently, Orygen’s assets include four energy generation technologies: solar, wind, hydroelectric and gas thermal.

Marco Fragale has been appointed CEO of Orygen. Fragale, an experienced energy executive, has held multiple positions at Enel in Latin America, including in Peru. He obtained a degree in mechanical engineering from the Politecnico di Milano, a master’s degree in engineering from the Helsinki University of Technology and an MBA from the SDA Bocconi School of Management in Milan. With 25 years of experience, Fragale has played a key role in advancing the energy transition.

Alberto Estefan, Partner, Energy Infrastructure at Actis, commented: “These are exciting times and with the launch of Origen, a new story begins for the Peruvian energy market. Actis has great plans for this platform and wants to mobilize capital for the business plan. We are confident that under Marco Orygen’s skilled leadership, he will play a key role in Peru’s energy transformation. I look forward to continuing our work to create a successful and valuable platform.”

Nicolas Escallon, Partner, Energy Infrastructure at Actis, added: “Orygen has bold plans to further develop its already market-leading renewable energy portfolio to provide a highly competitive and sustainable offering to commercial and industrial customers in Peru. This proven approach has proven highly effective across several Actis platforms, and our investment in Orygen will have a significant impact in Peru, improving energy security and affordability while accelerating the country’s decarbonization.”

Marco Fragale, CEO of Orygen, said: “Energy is the source of everything. Creates new business, growth and prosperity. Orygen was founded to provide sustainable, reliable and competitive energy to the industries that power the Peruvian economy. We manage the largest set of solar and wind assets in Peru and a robust pipeline of renewable projects with capacity exceeding 12 GW. We are committed to developing an ecosystem that protects the planet, improves quality of life and offers competitive prices for all.

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