Statkraft has a global growth strategy, and its goal is to grow 4,000 MW between 2014 and 2018. In South America this strategy is made evident with the increase of its interest in Desenvix in Brazil and the acquisition of a hydropower plant in Chile, including 3 hydropower projects with several permits and studies completed.

Peru is a major component of this strategy, and as such, in 2014 not only was the Cheves project (168 MW), the ninth power plant of Statkraft in Peru, completed, but also the Project Development Management was created to foster growth through hydropower project portfolio and the acquisition or projects or plants in operation.