Yinson Renewables, a subsidiary of Yinson Holdings Bhd, has brought its 97 MWp Matarani Solar Plant in Peru to full operational status. Located near the city of Arequipa, the plant began exporting power in July 2024 and is now the country’s second-largest solar energy producer.
Matarani Plant to Power 62,000 Households in Peru
The Matarani solar plant is projected to generate 260 GWh of energy annually, enough to power approximately 62,000 Peruvian households and offset more than 56,000 tonnes of carbon dioxide emissions each year. Spanning 750,000 square meters, the facility is equipped with nearly 150,000 panels and operates under a long-term power purchase agreement with Orygen—a Peruvian renewable energy producer backed by Actis.
“The Matarani Solar Plant is a significant milestone for Yinson Renewables, as it marks our first project in Peru and the wider region. With this plant now fully operational, we have created a strong foundation to facilitate our continued expansion,” said David Brunt, Chief Executive Officer of Yinson Renewables.
Yinson Acquires Matarani from Grenergy Renovables
Matarani is Yinson Renewables’ fourth large-scale project to achieve commercial operation, following the Rising Bhadla 1 & 2 and Nokh solar plants in India. The company is an independent renewable energy producer with a portfolio that spans the entire renewables value chain, focusing on three key regions: Latin America, Europe, and the Asia-Pacific.
Yinson acquired the Matarani project from Spanish renewable energy developer Grenergy Renovables SA earlier this year. Grenergy provided comprehensive engineering, procurement, and construction (EPC) services for the project and will also provide operational and maintenance support for the first two years.
Yinson Renewables Expands Renewable Energy Portfolio
Currently, Yinson Renewables operates 557 MW of utility-scale renewable energy assets. The company also has a development pipeline exceeding 1.5 GW, with another 3 GW of early-stage projects underway. In Latin America alone, its pipeline includes projects with a combined capacity of nearly 1 GW, slated for development over the next three to five years.
In Peru, Yinson Renewables also owns the 130-MWp Majes solar project, with the first phase expected to be ready for construction by the end of 2024. Yinson Renewables is a subsidiary of Yinson Holdings Berhad, a Malaysian energy infrastructure and technology firm. The company operates across various sectors, including offshore energy through Yinson Production, renewable energy via Yinson Renewables, green technologies under Yinson GreenTech, sustainable investment and asset management with Farosson, and offshore marine services through Regulus Offshore.
