Peru: MEF helped unblock nine renewable energy projects worth over US$6 billion

Photo: Ministry of Economy and Finance of Peru

Photo: Ministry of Economy and Finance of Peru

13:30 | Lima, Dec. 4.

The Ministry of Economy and Finance (MEF), in coordination with various public entities, unblocked the execution of nine renewable energy projects totaling US$6.02 billion in investments.

This will strengthen Peru's electricity generation capacity and contribute to economic growth, the sector's head, Denisse Miralles, highlighted.

The government official explained that, through the Special Investment Monitoring Team (EESI), key procedures were facilitated to advance solar and wind power projects, as well as a green hydrogen plant, located in Arequipa, Moquegua, Piura, Lambayeque, and Ica regions.

She detailed that four projects are being promoted in Arequipa, representing a total investment of US$3.949 billion: the Illa Photovoltaic Solar Plant (US$374 million); the Solimana Solar Plant (US$150 million); the Babilonia Photovoltaic Solar Plant (US$147 million); and the Green Hydrogen Plant – Phase 1 (US$3.278 billion).

In Moquegua, two renewable energy projects are under development with a total investment of US$590 million: Rutas del Sol Solar Plant (US$318 million) and the Hanaqpampa Photovoltaic Solar Plant (US$272 million).

In Piura, the Bayovar Wind Farm is progressing with an investment of US$1.056 billion. It is followed by Lambayeque, the Morrope Wind Plant (US$353 million) and Ica, the Wayra Photovoltaic Solar Plant (US$72 million).

Sustainable energy

Minister Miralles participated in the event "Peru Sustainable Social Infrastructure & Clean Energy," organized by Dorado Investments.

At this event, the Cabinet member underscored that renewable energy projects, such as solar, wind, and photovoltaic plants, are essential to reduce dependence on fossil fuels, lower pollutant emissions, and strengthen the country's energy security.

She added that these investments boost employment, dynamize private investment, and promote sustainable development, thus contributing to the transition toward a cleaner energy matrix.

The minister also reported that, as of November 2025, the EESI had facilitated the acquisition of 134 permits, authorizations, and approvals needed to unblock projects across various sectors: mining (64), transportation (28), electricity (25), hydrocarbons (5), health (4), agriculture (2), and education (1).

These advances mainly relate to environmental aspects, operating authorizations, water permits, and final concessions.

The MEF head noted that these results contribute the growth of private investment, which rose 11.4% in the third quarter of 2025—the highest rate since 2021.

"This performance reflects investors' confidence in the country and its economic policy," she emphasized.

(END) NDP/SDD/MVB

Published: 12/4/2025