Peru holds notable renewable energy potential: 937 GW in solar, 20 GW in wind, and 70 GW in hydropower. Currently, 53 solar projects (11.5 GW capacity) and 42 wind projects (9.5 GW capacity) are underway or planned across multiple regions, poised to attract over $20 billion in investment. The Organismo Supervisor de la Inversión en Energía y Minería (Osinergmin) reports 15 advanced solar and wind projects with definitive generation concessions totaling approximately 2.9 GW scheduled for commissioning between 2025 and 2030. Leading concessionaires include Acciona Energía, Engie, Kallpa Generación, Statkraft, and Orygen Perú, among others.
2026 will mark critical construction phases for solar projects like Hanaqpampa, Sunny, and Lupi, and wind projects such as Sariri and Bayóvar, with planned investments exceeding $1 billion. Orygen Perú intends to commission the country’s first hybrid complex combining solar and wind assets by late 2026. Statkraft’s Lupi solar plant and Fénix Power’s Bayóvar wind farm recently received environmental and operational approvals, signaling accelerated project delivery. The Grupo Romero’s acquisition of Orygen Perú adds momentum to market activities. Regulatory advances and increased private sector participation support the transition to a cleaner, more resilient power matrix aligned with Peru’s sustainability objectives.
This article was curated and published as part of our South American energy market coverage.
