Renewables gain foothold in Peru

Renewable energy projects are gaining strength in Peru thanks to more competitive energy prices, according to a report in El Comercio. Wind, solar and biomass have particularly become prominent as sources of energy.

The publication highlights the recent auction of a wind farm at US$69/MWh which is close to the US$65/MWh a hydroelectric project received in Peru.

The report adds that the prices are becoming as competitive as the ones in Brazil, which has a more developed market.

In 2007, the price of wind power generations stood at US$120/MWh. “Thanks to technological advances, wind farms today can produce more energy with the same investment,” said Juan Coronado, general manager at Energia Eolica.

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