The strength of macroeconomic indicators and a stable regulatory framework for investment promotion consolidate Peru as a relevant and competitive regional player, the
This confidence has been reflected in recent financing and investment operations from Canada, announced in February, which are expected to have a positive impact on the South American country.
On February 5, Canada's bilateral development finance agency, FinDev Canada, announced a US$56 million loan to Energia Renovable La Joya S.A.
The funds are earmarked for the development, construction, and operation of the Illa Project, a 396-MW photovoltaic solar plant in Arequipa, southern Peru.
The investment would enable the installation of the country's largest solar facility, with annual output exceeding 890,000 MWh, supporting Peru's national energy transition and expanding economic opportunities for local communities.
Likewise, on February 12, the Canada Pension Plan Investment Board (CPP Investments) —one of the world's most influential pension funds— announced the acquisition of a 50% stake in Inkia Energy at an enterprise value of US$3.4 billion.
The company is a cornerstone of Peru's electricity system and operates a diversified 2.6-GW portfolio through its subsidiaries, Kallpa Generacion S.A. and Orazul Energy Peru S.A.
These capital moves underscore Canada's interest in strengthening cooperation in strategic sectors, particularly in renewable energy development.
They also reaffirm Peru's position as a leading recipient of Canadian investment in the region.