Orygen

In May 2024, Actis acquired Enel SpA’s approximately 87% stake in Enel Generación Perú S.A.A. (“Enel Generación Perú”) and 100% stake in Compania Energetica Veracruz S.A.C – acquisitions since rebranded under the Orygen banner. Orygen aims to lead Peru’s energy transition through sustainable energy infrastructure.

At the time of the acquisition, Orygen had a 2.2GW installed capacity made up of a diversified energy generation portfolio in Peru, with 12 operating assets. This portfolio includes a market-leading renewables footprint comprising wind and solar assets as well as hydro and thermal assets.

By the time of exit, Orygen had consolidated its position as one of Peru’s leading power producers and the owner of the country’s largest renewables portfolio. Installed capacity had reached 2,344MW, diversified across wind and solar, hydro and gas, giving the business both resilience and flexibility in a market that values reliability as much as decarbonisation and where extractive industries such as mining have a need for both baseload and cleaner power. What Actis acquired as a carve-out from a multinational utility had become an independent national champion: operationally standalone, commercially repositioned, better capitalised and more clearly aligned to Peru’s evolving energy needs. The strength of the investment allowed Actis to exit in an accelerated timeframe.

In March 2026, Actis completed the sale of Orygen to Grupo Romero, one of the most prominent financial and industrial conglomerates in Peru, through an affiliate managed by InfraCorp. The exit marked the culmination of a focused value-creation plan built around portfolio optimisation, renewables expansion, sustainability integration and balance-sheet enhancement. More broadly, it demonstrated Actis’ ability to source proprietary opportunities in growth markets, execute complex carve-outs and create strategic infrastructure platforms that are relevant not only to investors, but also to the long-term development of the markets in which they operate.

Read the full Orygen case study here.