Latin American power producer Inkia Energy has announced ambitious plans to expand its current installed fleet and establish itself as the largest renewable power producer in Peru. The company aims to advance a gigawatt-scale pipeline of wind and solar projects.
Currently, Peru-based Inkia, owned by US buyout firm I Squared Capital, has 2.2 GW of installed capacity from hydropower, natural gas, and battery storage assets. To diversify its generation portfolio, the company plans to introduce approximately 1 GWp of solar power capacity to the National Interconnected Grid starting in the last quarter of 2025. Additionally, two wind projects with a combined capacity of at least 600 MW are set to launch the following year.
On the solar side, Inkia is actively developing a photovoltaic (PV) farm in Southern Peru, originally planned for 228 MWp. Recently, the company received an environmental permit to expand this capacity to 338 MWp, with the complex expected to be energized by the second half of 2025.
Moreover, Inkia has secured energy and International Renewable Energy Certificate (I-REC) off-take agreements to facilitate the construction of two adjacent PV parks. Together with the Sunny park, these projects aim to create what Inkia refers to as Peru's Solar Hub.
“We believe that Inkia's balanced portfolio, along with its investment-grade rating, makes the company the top choice for clients in terms of reliability, both in energy and financial support,” said Willem Van Twembeke, CEO of Inkia Energy.
