Orygen

What Orygen does

Orygen is Peru's largest renewable energy generator, operating 13 power plants with 2.3 GW of installed capacity across four generation technologies (solar, wind, hydroelectric, and gas-fired thermal). The company controls roughly 30% of Peru's non-conventional renewable energy market and supplies long-term power contracts bundled with certified renewable energy, with 9.1 TWh of certified volumes disclosed in its current portfolio. Its customer base is concentrated in Peru's mining and heavy industrial sectors, with disclosed large-volume clients including Las Bambas, Raura, Corona, Andalucita, SIDERPERU, Backus, and Interbank.

Orygen's underlying technical stack is differentiated by an in-house IoT platform, a digital twin integrated across the generation fleet, AI-powered drone inspection (thermal and RGB analysis), and predictive maintenance models applied to wind turbines. The platform ingests 25,000+ sensor signals and has been recognized by CONCYTEC for applied research in four consecutive years. The company has completed a technology autonomy program deploying 40 IT projects across 18 systems, formalizing internal control of its operational technology stack following the 2024 ownership change.

The business model is B2B power generation under long-tenor contracts (up to 12 years), with revenue generated from energy sales, capacity payments, and the issuance of renewable energy certificates. Following Actis's acquisition of approximately 92.35% of shares via public tender offer in May 2024 (and subsequent rebranding from Enel Generación Perú), the company continues to trade on the Lima Stock Exchange under ticker ORYGENC1. Management has committed a US$1 billion five-year investment plan targeting 800+ MW of new capacity, anchored by the Wayra Solar project, against a disclosed 3 GW pipeline.

Name

Orygen

Legal name

ORYGEN PERÚ S.A.A.

Website

https://orygen.com

Company type

Public

Founded year

2024

Operating status

Operating

Headcount range

101–250 employees

Short description

Orygen is Peru's largest renewable energy generator, operating 2.3 GW across solar, wind, hydroelectric, and thermal plants, supplying long-term power contracts with renewable energy certificates primarily to mining and industrial clients.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Electric Power Generation (22111), Wind Electric Power Generation (221115), Hydroelectric Power Generation (221111), Fossil Fuel Electric Power Generation (221112)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Renewable Energy Asset O&M (Wind, Solar, Hydro, Geothermal) (EUAEAGAB)

akta.pro secondary industries

Thermal Power Plant O&M (Coal, Gas, Oil) (EUAEAGAA), Reciprocating Gas Engine Power Plants (RICE) (EUACABAC), Electrical Systems O&M (Substations, Transformers, Switchgear, Protection & Controls) (EUAMAGAH)

Keywords

• Renewable energy generation
• Solar power plants
• Wind power generation
• Hydroelectric generation
• Industrial energy supply

Headquarters

HQ city

Lima

HQ country

Peru

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Electricity and Capacity Sales (B2B): Orygen generates revenue primarily from the sale of electricity and power capacity to industrial and mining clients under long-term supply contracts. Revenue is driven by volume (GWh sold) and contracted capacity (MW). The company serves both regulated (distribution companies) and free clients (large industrial consumers). 2025 revenues stood at S/ 2,344.3 million.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Orygen is Peru's leading renewable energy generator, operating 13 power plants across four technologies (solar, wind, hydroelectric, and gas thermal) with 2.3 GW of installed capacity. The company sells electricity and capacity to large industrial and mining clients under long-term B2B supply contracts, complemented by renewable energy certificates (I-REC and SGS Green Certificates) for ESG reporting. Its diversified 4-technology matrix enables guaranteed 24/7 supply stability for high-consumption industries.

Product overview

Orygen is Peru's leading renewable energy generation company operating a diversified portfolio of 13 power plants across four technologies: solar (Rubí 144.48 MW, Clemesí 114.93 MW, Wayra Solar 94.22 MW under construction), wind (Wayra I 132.3 MW, Wayra Extensión 177 MW), hydroelectric (multiple plants including Huinco, Callahuanca, Moyopampa, Huampaní, Yanango, Chimay, Matucana), and thermal gas (Ventanilla). The company offers renewable energy supply with long-term contracts for industrial clients (especially mining), complemented by value-added services including I-REC and SGS green certificates, carbon footprint calculator, and proprietary AI-powered operational technology platforms including an IoT/digital twins system, drone-based solar inspections with AI defect detection, and predictive wind turbine maintenance models. The flagship Wayra Complex (403.52 MW total) represents Peru's first large-scale hybrid wind-solar installation. Orygen's total installed capacity is 2.3 GW.

Differentiator

Problem solved

Functional benefit

Products and services

• Renewable Energy Supply Service (Suministro de Energía Renovable) Long-term B2B electricity supply contracts for large industrial and mining clients, leveraging a diversified 4-technology matrix (solar, wind, hydroelectric, thermal gas) to guarantee 24/7 stable supply and protect against spot market price volatility. Contracts are customized to the client's production cycle.
• International Renewable Energy Certificates (I-REC) International Renewable Energy Certificates backed by AENOR and recognized by the GHG Protocol, guaranteeing traceability of electricity generated from renewable sources. Each certificate equals 1 MWh. Issued to clients such as Minera Raura, SIDERPERU, and Backus.
• SGS Green Certificates (Certificados Verdes) Local green certificates issued through SGS del Perú, validating renewable energy consumption for clients with local validity. Each certificate equals 1 MWh of renewable electricity.
• Wayra Complex (Hybrid Wind-Solar Generation)

Quantifiable outcome

• 1,827.33 GWh of non-conventional renewable energy produced in 2025, capturing 30% of all solar and wind production in Peru
• +8 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered core.

• Minera Las BambascoreOthers · 29 September 2025Orygen supplies 100% renewable electricity to Las Bambas, certified via SGS Green Certificate for 1.3 TWh consumed in 2024 (100% of electrical consumption). Orygen CEO Marco Fragale and Las Bambas President Xuesong Chen participated in certificate delivery at PERUMIN 37.
• Minera RauracoreOthers · 29 September 2025Orygen supplies 18 GWh of solar renewable energy from Clemesí plant to Minera Raura via International Renewable Energy Certificate (I-REC), backed by AENOR and recognized by GHG Protocol, representing 26% of annual consumption (~70 GWh).
• MolycopcoreOthers · 29 September 2025Orygen supplies 37 GWh of 100% renewable energy certified via SGS Green Certificate, equivalent to 100% of Molycop's annual electricity consumption in 2024. General Manager Javier Castro highlighted the company's commitment to environmental responsibility.
• SGS del PerúcoreTechnology or Integration · 29 September 2025SGS del Perú serves as the accredited verifier for Orygen's local Green Certificates (Certificados Verdes) issued to clients including Las Bambas and Molycop. SGS certificates provide local validity and serve as instruments guaranteeing traceability of renewable electricity consumed.
• AENORcoreTechnology or Integration · 29 September 2025AENOR backs the I-REC (International Renewable Energy Certificate) issued by Orygen to Minera Raura. I-REC is recognized by the GHG Protocol as the standard for carbon footprint accounting and demonstrating emissions reductions in energy supply contracts.
• SIDERPERUcoreOthers · 21 March 202512-year supply alliance (since 2022) delivering 298.17 GWh of 100% renewable energy in 2024 to SIDERPERU's Chimbote plant. Orygen issued I-REC certificate backed by Clemesí solar and Matucana hydroelectric production. Enabled SIDERPERU to avoid 60,000 tCO₂ in 2024.
• Ministry of Energy and Mines of Peru (MINEM) / DIGERcoreStrategic or Co-development Partner · 20 February 2025Orygen partnered with MINEM through DIGER (Dirección General de Electrificación Rural) for rural electrification projects. Completed first phase of transmission lines for the Clemesí community in Moquegua, benefiting 360 families. MINEM handles the final phase connecting households directly. Also working on rural electrification in Marcona's Justo Pastor community via a hybrid off-grid miniplant.
• BackuscoreOthers · 3 April 2024Backus became Peru's first brewery group to certify 100% renewable electricity consumption via I-REC from Orygen. Orygen supplies up to 28.50 MW from Wayra Extensión wind farm under a 12-year contract, avoiding approximately 22 tonnes CO₂eq per year.
• InterbankcoreOthers · 16 January 2024Alliance for renewable energy supply until 2025. Interbank receives 2.2 MW (3 GWh/year) from Orygen's six hydroelectric plants (Huinco, Callahuanca, Moyopampa, Huampaní, Yanango, Chimay). One of the first financial institutions in Peru to adopt clean energy for its operations.

Scale indicators16 records

Recent moves7 records

Expansion highlights5 records

Regional players

• AES Andes: Chilean-based renewable energy generator with a large multi-technology portfolio across Chile, Colombia, and Argentina. Comparable to Orygen in scale, diversification across renewables, and exposure to industrial offtake markets in Latin America.
• Colbún: Chilean power generator with a diversified portfolio of hydro, thermal, and renewable assets serving industrial and regulated clients. Operates with a similar multi-technology strategy to Orygen's 4-technology platform and is a relevant regional benchmark.
• Enel Chile: Chilean power generator and distributor formerly sister company to Orygen under Enel Américas. Operates a diversified renewable and conventional generation fleet in a similar Latin American regulatory environment with comparable B2B and free-client supply dynamics.

Broad incumbents

• Iberdrola Renovables: Global leader in renewable energy (wind, solar, hydro) with operations in multiple Latin American markets including Mexico and Brazil. Comparable to Orygen in enterprise renewable supply contracts and PPA structuring with industrial customers.
• Enel Green Power: Global renewable energy arm of Enel Group, the former ultimate parent of Orygen. Operates gigawatts of wind, solar, and hydro capacity worldwide and competes with Orygen in international renewable EPC, O&M, and green certificate markets.
• Engie (Global): Global energy major with a large renewable generation portfolio across Latin America, including the Engie Energía Perú subsidiary. Sets the strategic benchmark for integrated renewable supply and green-PPA commercial models in the region.
• Acciona Energía: Global renewable IPP with wind, solar, and hydro assets across Latin America (Chile, Mexico, Brazil). Comparable to Orygen as a pure-play renewable operator with multi-technology portfolio and long-term PPA commercial model.
• Statkraft Perú: Norwegian state-owned renewable energy company with hydro and wind operations in Peru. Directly competes in Peruvian renewable generation and in renewable PPAs serving industrial and mining clients.

Direct peers

• Engie Energía Perú: One of Peru's largest private electricity generators, operating a mix of hydro, thermal, and renewable assets and selling to industrial and mining clients. Directly competes with Orygen in the Peruvian free-client market and shares the same enterprise sales motion targeting mining offtakers.
• Kallpa Generación: Major Peruvian power generation company with a diversified thermal and renewable portfolio supplying the regulated and free market. Competes with Orygen for PPAs with mining and industrial clients in Peru and operates multi-technology generation assets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/orygenpe
• LinkedInlinkedin.com/company/orygenpe

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Orygen