Funds managed by Actis, a leading global investor in sustainable infrastructure, have 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 for a total US$1.3 billion. The transaction is valued at a US$2.1 billion enterprise value on a 100% basis.
This transaction marks Actis’ 10th platform investment from Energy 5, its flagship energy fund which represents US$6 billion of investable capital. With the acquisition of Enel Generación Perú, Actis has gained access to a 2.2GW diversified energy generation portfolio in Peru with 12 operating assets and one more under construction. The portfolio includes a market-leading renewables footprint comprising wind and solar assets as well as hydro and thermal assets.
Actis plans to scale the platform and accelerate its renewables growth to capture market opportunities with end users that are drawn to affordable, reliable and clean power, thanks to the largest wind and solar pipeline in Peru. Peru has a resilient energy sector, with strong market fundamentals and a proven, liberalised market where energy demand experienced a 4.7% compound annual growth rate from 2010 to 2022.
You can now read the full press release at the link below
