Peru’s Renewable Energy Revolution: $530 Million Investment to Power Sustainable Growth

The Ministry of Energy and Mines (MINEM) has announced the imminent commencement of operations for four renewable energy power plant projects in Peru. These projects, set to add 507 megawatts (MW) to the National Interconnected Electric System (SEIN), represent an investment exceeding $530 million.

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Located in the regions of Ica, Arequipa, and Moquegua, these power plants will play a pivotal role in augmenting Peru’s non-conventional renewable energy component, aligning with the national objective of reducing greenhouse gas emissions.

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Leading the initiatives is the Clemesí Photovoltaic Solar Power Plant in Moquegua, already in commercial operation with an investment of $95.3 million and an installed capacity of 114.93 MW.

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Following suit is the Matarani Photovoltaic Solar Power Plant under construction in Arequipa, slated to add 80 MW to the grid with an investment of $84.8 million.

In Ica, the Wayra Extension Wind Power Plant, with an investment of $222.5 million, will contribute 177 MW upon completion. Additionally, the San Juan Wind Power Plant, also in Ica, is under development with an investment exceeding $129 million and an installed capacity of 135.7 MW.

MINEM underscores the significance of these projects in fortifying Peru’s energy security, fostering job creation across regions, and stimulating the local economy. Moreover, the initiatives aim to leverage Peru’s abundant renewable resources, diversifying the energy matrix and potentially leading to more competitive energy rates in the future.


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