IFC Approves $600 Million Loan for Peruvian Power Generation Company

The International Finance Corporation (IFC), a member of the World Bank Group, has approved a corporate loan of up to $600 million for ENGIE Energa Per, one of Peru's largest power generation companies. The financing will advance the development of renewable energy projects and accelerate Peru's transition toward a low-carbon economy. The loan is structured as a Green and Sustainability-Linked Loan, which is a first for IFC and ENGIE Per. This partnership aims to promote innovative energy solutions that deliver economic, social, and environmental benefits. The loan will be directed toward the construction of the Central Expansin Solar Intipampa plant, refinancing of the Duna and Huambos wind farms, and partial financing of the Chilca-BESS battery energy storage system.

Key Takeaways:

• The IFC has approved a corporate loan of up to $600 million for ENGIE Energa Per, one of Peru's largest power generation companies.
• The loan is structured as a Green and Sustainability-Linked Loan, aligned with standards set by the Loan Markets Association and the International Capital Market Association.
• The financing will advance the development of renewable energy projects and accelerate Peru's transition toward a low-carbon economy.
• The loan will be directed toward the construction of the Central Expansin Solar Intipampa plant (51.7 MW), refinancing of the Duna and Huambos wind farms (36.8 MW), and partial financing of the Chilca-BESS battery energy storage system (26.5 MW).
• The loan is linked to three key performance indicators aimed at delivering measurable impact, including increasing the proportion of renewable energy in ENGIE Pers total installed capacity, developing and implementing climate adaptation plans, and increasing the representation of women in management roles.
• Renewable sources already account for 30% of ENGIE Energas total generation output, positioning it as a key driver of Peru's clean energy transition.
• The loan is a bold step toward a cleaner, more inclusive energy future for Peru, according to Cheryl Edleson, IFC's Director for Infrastructure, Energy, and Mining in Europe, Latin America, and the Caribbean.
• The loan enables ENGIE Energa Per to continue expanding its portfolio of renewable energy projects while meeting the highest local and international standards in risk management, environmental and social impact, resource efficiency, health, and safety, according to El Mehdi Ben Maalla, Country Manager and CEO of ENGIE Energa Per.

Statistics:

• $600 million: the maximum amount of the corporate loan approved for ENGIE Energa Per by the IFC.
• $120 million: the first tranche of the loan, structured as a Green and Sustainability-Linked Loan.
• 51.7 MW: the capacity of the Central Expansin Solar Intipampa plant.
• 36.8 MW: the capacity of the Duna and Huambos wind farms.
• 26.5 MW: the capacity of the Chilca-BESS battery energy storage system.
• 30%: the proportion of renewable energy in ENGIE Energas total generation output.
• 1,600 MW: the development pipeline of renewable energy projects supported by the IFC's financing.
• Over 3,000 MW: the total installed capacity of ENGIE Energas power generation plants.

Sources:

• Global Data Point. "IFC Approves $600 Million Loan for Peruvian Power Generation Company." 2025.