Peru’s current energy matrix relies heavily on hydroelectric and natural gas thermal generation, with non-conventional renewables comprising only between 5% and 8% of national consumption. Aggreko targets growth through diversified solutions including auxiliary services, bilateral supply contracts, and off-grid power solutions, responding to emerging decarbonization demands in mining and other sectors. The company’s regional strategy includes a $216 million capital expenditure commitment across Latin America in 2026, reflecting a 249% increase from the previous year and signaling aggressive market expansion.
At the national policy level, the Ministry of Economy and Finance announced a plan to award 18 electrical transmission projects via public-private partnerships valued at approximately $950 million for 2026 to strengthen the National Interconnected Electric System (SEIN). These projects cover 13 departments and aim to improve supply reliability for residential and industrial consumers, supporting long-term investment attraction. Additionally, Peru is prioritizing $9 billion in energy investments focusing on green hydrogen, solar and wind projects, and grid enhancement under multi-year frameworks. However, regulatory delays concerning energy storage and hybrid generation implementation pose risks to investor confidence in the evolving clean energy market.
This article was curated and published as part of our South American energy market coverage.
