Canada Pension Plan Investment Board (CPP Investments) has announced plans to invest alongside I Squared Capital in Inkia Energy, a private power-generation company in Peru.
Inkia, which plays a critical role in supporting Peru's energy demand, operates a diversified generation portfolio of 2.6 gigawatts through its subsidiaries Kallpa Generación and Orazul Energy Peru. The company has a pipeline of more than 4 gigawatts across wind, solar, gas and battery storage projects.
CPP Investments has agreed to acquire a 50 percent ownership interest in Inkia at a total enterprise value of $3.4 billion, with the remaining 50 percent ownership stake to be acquired by an I Squared-led continuation vehicle.
“Inkia operates a highly resilient power generation platform that aligns well with our long-term approach to investing in high-quality businesses that can deliver attractive risk-adjusted returns for the CPP Fund,” said Bill Rogers, managing director, head of susta
