Inkia Energy, through its wholly owned subsidiary Kallpa, has secured environmental approval for the expansion of its solar power plant in southern Peru, a region noted for its abundant solar resources. This development will see the capacity of the Sunny project increase from 228 MWp to 338 MWp, with full operational status expected by the second half of 2025.
As the largest power generator in Peru, Inkia Energy is controlled by I Squared Capital, a global infrastructure investor. The company’s commitment to renewable energy has been further underscored by its initiatives surrounding the Sunny project. Beyond this expansion, Inkia has facilitated the construction of two additional solar projects in the vicinity by entering into energy and I-REC (International Renewable Energy Certificate) off-take agreements for these ventures. Together, these three projects will contribute nearly 1 GWp of renewable energy capacity to Peru’s National Interconnected Grid, anticipated to commence in the fourth quarter of 2025.
In addition to solar power, Inkia plans to launch two wind projects in 2026, which will have a combined capacity of at least 600 MW. This multifaceted approach, including several solar initiatives and Battery Energy Storage Systems (BESS), positions Inkia as a key player in meeting both current and future energy demands in Peru. The company’s strategy emphasises a diverse energy portfolio that not only focuses on renewable sources but also includes efficient natural gas capacity to address intermittency and energy shortfalls.
Furthermore, Inkia is expanding its reach in the energy market through Kondu, its retail arm dedicated to providing behind-the-meter energy solutions. This initiative has rapidly positioned Kondu as one of the largest service providers within the small and medium enterprise (SME) sector in Peru.
Willem Van Twembeke, CEO of Inkia Energy, expressed enthusiasm about the company’s growth trajectory. “Inkia is a developer at its core and was the fastest-growing generation company during the last decade. The launch of Sunny marks the beginning of the Inkia 2.0 expansion campaign, aligned with Peru’s energy needs and securing Inkia as a leading energy solutions company in the country,” he stated.
Van Twembeke also highlighted the significance of the company’s balanced portfolio and investment-grade rating, stating, “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.”
As the demand for renewable energy continues to rise globally, Inkia Energy’s strategic investments and expansions in solar and wind projects demonstrate the company’s commitment to providing a reliable and sustainable power supply for Peru’s future energy needs. With the expected increase in capacity and the innovative solutions offered through Kondu, Inkia Energy is poised to strengthen its leadership position in the renewable energy sector.