Renewable energy firms willing to invest US$2 bn in Peru

MOQUEGUA,PERÚ-JULIO 15. Ministro de Energía y Minas Gonzalo Tamayo y Vicepresidente de la República Martín Vizcarra Inspeccionan  planta de Energía Solar Moquegua. Foto: ANDINA/Vidal Tarqui

13:48 | Lima, Dec. 6.

Renewable energy companies are willing to invest US$2 billion in the Inca nation, Peruvian Renewable Energy Society Head Juan Coronado informed Wednesday.

"These investments may become a reality over a year-and-a-half period and will generate more jobs and engineering studies, among others," he noted.

According to Coronado, Peru relies on great potential for industries such as wind, geothermal, solar, and bioenergy.

Renewable energies are currently the cheapest ones since there are technologies that make this happen.

Within this context, Coronado announced more than US$1 billion has already been invested in the implementation of wind, solar, and biomass projects.

Likewise, he noted merely 4.8% of Peru's total electricity output (48,326 GW) was produced with non-conventional renewable sources.


Published: 12/6/2017