Peru preparing energy reform to suit renewables - minister

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
MINEM is considering  introducing schedule blocks to tenders. Credit: MINEM

Peru is preparing a reform to its energy policy in order to support more renewable energy penetration, according to the minister of energy and mines, Francisco Ísmodes.

The minister said the plan is to improve the competitiveness of investments in renewable energy and to allow these alternative technologies to freely participate in the national market but to do this an update to the regulatory framework Renewable Energy Resources (RER) is necessary.

Various options being evaluated include recognising firm power from one generator or introducing schedule blocks to tenders so that renewables can aim for the time periods most suitable to their generation profile. A similar block system has been used successfully in Chile’s major power tenders in recent years.

According to consultancy GlobalData, Peru currently generates power from coal, gas, oil, hydropower and other renewables, with thermal energy as the main source of power generation, and the majority of installed thermal capacity using gas.

Ismodes said the government also expects to install around 260,000 solar panels in various un-electrified areas of the country that require electricity by 2021 as part of its total electrification plan.

His government has also put US$526 million towards more than 10 electricity generation and transmission projects. Minister of Energy and Mines (MINEM) is also developing a regulatory framework to promote the entry and use of electric and hybrid cars in the country.

In March, Italian power giant Enel, through its Peruvian subsidiary Enel Green Power Peru (EGPP), started operations at the 180MW Rubi solar PV plant, which is Peru’s largest solar project.

Read Next

November 26, 2021
Portugal has launched its latest solar auction that is set to allocate 262MW of floating PV to be installed at seven dams across the country.
November 26, 2021
The European Commission (EC) has approved a €2.27 billion (US$2.56 billion) Greek scheme to support 4.2GW of installed renewables capacity after assessing it in the context of EU state aid rules
November 10, 2021
A round-up of the latest new from the US solar market, as FTC Solar toasts a 500MW+ project win in Arizona and a 3.2GW renewables-enabling transmission project in California edges forward.
October 29, 2021
Poland is set to hold a series of renewables auctions before the end of the year, including the country’s first that will support hybrid projects.
October 27, 2021
Colombia has awarded contracts to 11 solar PV projects with a combined capacity of 796.3MW in its third renewable energy auction.
October 27, 2021
Swiss fund manager SUSI Partners is acquiring a portfolio of more than 200MW of distributed solar PV and wind assets in Chile, marking its first investment in Latin America.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
December 1, 2021
Solar Media Events
February 1, 2022
London, UK
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal

Cyber Monday Flash Sale – 50% off our subscriptions

24 hours only