The BCP granted a sustainable loan totaling approximately S/860 million (around US$100 million) to facilitate the acquisition of San Juan de Marcona and the adjacent Tres Hermanas wind farm, totaling 129.3 MW combined installed capacity. This financing is designated as a “green loan” under BCP’s eligibility criteria for electricity generation from wind energy. BCP’s corporate banking leadership emphasized the strategic and economic importance of investment in renewables and reiterated the institution’s commitment to sustainable finance, aimed at reducing environmental impact and mitigating climate risk.
Luz del Sur’s renewable asset portfolio also includes solar projects Majes and Repartición in Arequipa, with a combined capacity of 40 MW. The company reported operational improvements to these assets, enhancing efficiency and ensuring long-term sustainability of these resources. In 2024, Luz del Sur invested over US$117 million in infrastructure upgrades and grid modernization, including automation of medium-voltage circuits and installation of telecontrol systems to improve service reliability.
Looking ahead, Luz del Sur is developing the Central Hidroeléctrica Santa Teresa II in Cusco, with construction slated to begin in 2027 and operation expected by 2031, further diversifying its renewable generation mix. The company’s ongoing strategy positions it as a leading promoter of renewables within Peru’s energy sector, supported by strong investor confidence as evidenced by its recent US$396 million international bond issuance, which achieved 1.6 times oversubscription. The growth of wind assets aligns with national energy transition goals and enhances the firm’s market competitiveness through sustainable infrastructure expansion.
This article was curated and published as part of our South American energy market coverage.
