12:22 - 7.08.2026

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August 7, Fineko/abc.az. The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has invested in Inkia Energy, the largest independent electricity producer in Peru, as part of a partnership with one of the world's leading infrastructure investment companies, I Squared Capital. 

In February 2026, Canadian pension fund Canada Pension Plan Investment Board (CPPIB) acquired a 50% stake in Inkia Energy from I Squared. The remaining 50% of the shares were acquired through an investment structure managed by I Squared, in which SOFAZ participated. 

Inkia Energy has a diversified 2.6 GW portfolio of hydro, gas, solar and wind power plants and ensures roughly 22% of all electricity generation in Peru. In addition, the company has portfolio of promising projects with capacity of more than 4 GW, focused primarily on renewable energy sources.

This transaction expands SOFAZ's geographical diversification in the Latin American region.