Prime Minister Vicente Zeballos on Tuesday affirmed that Peru seeks to become a model country for attracting investments in solar power generation projects.
"We want to become a model country and a Latin American benchmark for investments in solar energy," Zeballos said during the inauguration of the
Sun World 2019 event, which takes place at Lima Convention Center from November 12 to 14.
The high-ranking official recalled that the Inca nation has a specific regulatory framework because —in 2008— the Legislative Decree No. 1002: Law for the Promotion of Investment in Electricity Generation with the
Use of Renewable Energies was issued, through which the national energy matrix diversification is boosted.
According to Zeballos,
ISA is a group of 59 countries, and it plans to invest US$1 billion for solar energy by 2030, which means it has a high potential to generate solar energy resources and the possibility of starting a revolution in the regional energy market.
Diversified matrix
"The hydroelectric plants are the ones that, for the moment, provide greater power to the National Interconnected Electric System. Peru, through the Ministry of Energy and Mines, has been promoting a series of electricity generation projects with
renewable energies," Zeballos stated.
"As a result, there have been four auctions with seven solar power generation companies, with an investment of US$596 million and an installed capacity of 280.48 megawatts," he concluded.