CPP Investments and I Squared Capital to Co-Own Inkia Energy in $3.4B Deal
Event summary
- CPP Investments to acquire 50% stake in Inkia Energy at $3.4B enterprise value.
- I Squared Capital retains 50% stake via continuation vehicle.
- Inkia operates 2.6GW power generation portfolio in Peru, with 4GW pipeline.
- Transaction subject to closing conditions and government approvals.
The big picture
This deal underscores the growing interest in Latin American energy infrastructure, particularly in Peru where mining-driven demand is fueling power generation investments. CPP Investments and I Squared Capital's partnership highlights a strategic focus on long-duration power assets with strong governance and sustainability practices. The $3.4B valuation reflects confidence in Inkia's ability to scale its diversified generation portfolio and support Peru's energy transition.
What we're watching
- Regulatory Approval
- Whether Peruvian government approvals will be secured in a timely manner.
- Pipeline Execution
- The pace at which Inkia develops its 4GW pipeline of wind, solar, gas, and battery storage projects.
- Market Dynamics
- How Peru's energy demand, driven by mining sector, will impact Inkia's growth prospects.
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