Peru Connects 115.55 MW of Solar Projects to Grid

In a significant move to expand its renewable energy portfolio, Peru has added a combined 115.55 MW of new solar power to its National Interconnected Electric System (SEIN) during the first half of 2024. According to the Ministry of Energy and Mines (MINEM), this new capacity, primarily from two key projects, elevates the nation’s total operational solar power to approximately 400 MW. This marks a substantial increase from the 287 MW reported by the International Renewable Energy Agency (IRENA) at the end of 2023.

The majority of this new power comes from the Clemesí solar plant in the Moquegua Department, which commenced operations in February. The 115 MW facility, sprawling across 270 hectares, features over 220,000 bifacial solar panels. The successful completion of this plant represented an investment of $81 million.

Also coming online in February was the 0.55 MW Carhuaquero solar power plant in Cajamarca, which required a $400,000 investment. Speaking on the larger Clemesí project, Eugenio Calderón, Head of Power Generation for Perú, stated, “The commercial operation of Clemesí ensures a stable supply of renewable energy for economic activities outlined in our commercial agreements. It also signifies our commitment to being a key partner to industries driving the nation, providing sustainable, dependable, and cost-effective energy solutions.”

The market has shown strong confidence in Peru’s renewable sector. In May, the Clemesí project was part of a major transaction where Actis acquired a portfolio of energy assets, including the new solar farm, from Enel Generación Perú and another firm for $1.3 billion. Enel remains a key player, holding a significant share of the country’s electricity generation and possessing a robust portfolio of over 12,000 MW in renewable projects.

Peru’s solar expansion is set to continue. The country is on a clear path toward its goal of having nearly 500 MW of solar capacity by the end of 2024. A crucial upcoming project is the 97 MWp Matarani solar plant in Arequipa. Located in the Mollendo Desert, an area with high solar radiation, the plant is expected to generate 260 GWh per year, further cementing Peru’s role as an emerging leader in South America’s clean energy transition.

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