The USD 240 million project includes construction of a 47.2-kilometer transmission line at 220 kilovolts connecting the Caravelí substation to the Poroma substation spanning Arequipa and Ica regions. Matto emphasized that power generated will carry International Renewable Energy Certificate (I-REC) certification, ensuring traceability and renewable origin verification for corporate buyers pursuing decarbonization targets.
Celaris Energy, backed by Celsia from Colombia’s Grupo Argos, operates the 20 MW Manta hydroelectric facility in Áncash under a state contract extending to 2040. The company disclosed it currently participates in over 70 procurement processes, predominantly targeting mining sector clients in southern and central Peru. The broader USD 1.2 billion investment program encompasses approximately four photovoltaic plants and three wind facilities, with Caravelí representing the first in the portfolio. Six additional projects remain under confidentiality agreements with various developers, with the company evaluating both greenfield construction and operational asset acquisitions.
Arequipa concentrates over 68% of southern Peru’s projected solar and wind capacity alongside Ica and Moquegua. Recent regional developments include the 611 GWh San Martín solar plant in La Joya and Spain’s Acciona launching construction of the 225 MWp San José photovoltaic facility with 371,040 panels. Kallpa Generación advances multiple projects including the 309 MW Sunny solar plant and 300 MW San Martín facility. The region’s solar radiation exceeds 6.5 kWh per square meter daily, while wind resources support utility-scale development, according to local commerce chamber data.
This article was curated and published as part of our South American energy market coverage.
