PSR provided technical analysis and input that supported the International Finance Corporation (IFC), a member of the World Bank Group, in its decision to grant a corporate loan of up to US$600 million to ENGIE Energía Perú, one of the country’s leading electricity generation companies. The financing aims to accelerate the development of new renewable energy projects and support Peru’s transition to a low-carbon economy.

The first disbursement, amounting to US$120 million, was structured as a Green and Sustainability-Linked Loan, the first of its kind between the IFC and ENGIE in the country. The instrument follows the international standards of the Loan Market Association and the International Capital Market Association, reinforcing the institutions’ commitment to sustainable financing practices.

The study developed by PSR provided technical support to the IFC through quantitative analyses and long-term projections of the Peruvian electricity system. The work included simulations of renewable generation and energy storage expansion, based on the SDDP model, developed by PSR and officially used by the Peruvian electricity system operator (COES) in its planning studies.

The financing resources will be allocated to the expansion of the Intipampa Solar Power Plant (51.7 MW), the refinancing of the Duna and Huambos wind farms (36.8 MW), and the implementation of the Chilca-BESS battery system (26.5 MW).

In addition to providing technical support, the study considered parameters associated with the IFC’s sustainability objectives, such as strengthening the participation of renewable sources in the Peruvian electricity matrix, incorporating aspects of climate resilience, and promoting gender equality in leadership positions.

With this initiative, PSR reaffirms its role as a technical partner to multilateral financial institutions, contributing to the advancement of sustainable investments and the improvement of energy planning methodologies in Latin America.