Peru

Solar costs have fallen 82% since 2010

The levelized cost of energy generated by large scale solar plants is around $0.068/kWh, compared to $0.378 ten years ago and the price fell 13.1% between 2018 and last year alone, according to figures released by the International Renewable Energy Agency.

9

Covid-19 daily bulletin: Solar developer donates more Chinese PPE

Grenergy was this week due to ship 400,000 face masks to Latin America as European developers today voiced a fear project finance will become increasingly difficult to find as the coronavirus lockdown continues.

2

Engie secures solar PPA in France, vows to shut 1 GW of coal in Latin America

At the ongoing COP25 summit in Madrid, the French energy group announced the closure of nearly 1 GW of coal assets in Chile and Peru between 2019 and 2024. It also secured a PPA for an 18 MW solar park that will come online in southern France in June 2021.

IRENA predicts LCOE of solar will drop to $0.01-0.05 by mid century

The latest study published by the International Renewable Energy Agency says the average solar electricity cost of $0.085/kWh produced by projects commissioned last year is set to fall to $0.048 next year, and $0.02-0.08 by 2030.

6

PV leads the way as renewables threaten coal-fired power

With clean energy being generated at lower and lower prices around the world, solar power is playing a leading role in bringing the curtain down on coal, and will help the decarbonization of transport and space heating too.

5

Solarpack buys 43 MW of solar generation capacity in Peru

The Spanish developer has acquired the Tacna Solar and Panamericana Solar projects which it developed and built for X-Elio in 2012.

Peru introduces net metering, new DG rules for RE up to 10 MW

The Peruvian Government has submitted to public consultation the draft of Supreme Decree for the regulation of distributed generation (DG), which is the secondary legislation necessary to implement the DG law first promulgated in 2015. Talking to pv magazine, the president of the Society of Peruvian Renewable Energy explains how the new rules will not only introduce a net-billing scheme for installations up to 200 kW, but also a scheme for projects up to 10 MW, which is very similar to the so-called Pequeños Distributed Generation Media (PMGD) program in Chile.

Engie plugs in 40 MW solar plant in Peru

The project was awarded in a power auction held by the Peruvian government in 2016

UK helps Peru launch its first green bonds

The U.K. government and the Lima Stock Exchange have published a guide, which provides the basic principles that must be met in order to issue green bonds.

Peru to hold new auction for solar and renewables in 2H of 2018 – Interview

In an interview with pv magazine, the president of the Peruvian Society of Renewable Energies, Juan Coronado, discusses the auction for solar and renewables, which the government is obliged to hold this year, and the different options large-solar has to resume its development in the Andean country. According to him, when the obstacles that are currently impeding private PPAs are eliminated, utility-scale PV projects could be conceived outside of the auction mechanism.

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