By Renato Piazzon Falcone. Peru is expected to launch its fifth renewable energy auction before the end of the year, according to industry sources, as reported in Gestión. Although official details have not yet emerged about the technology or capacity requirements, the auction is expected to include new capacity in solar PV and potentially other technologies, such as wind, biomass, and small hydro (no larger than 20 MW).
 
As per Peru’s 2008 renewable energy legislation, renewable energy auctions must be considered every two years to comply with the country’s 5% renewable energy target, which led to the auctions held in 2009, 2011, 2013 and 2015. The 2015 auction achieved worldwide record low prices for solar PV and wind at the time. However, the auction to be held in 2017 was cancelled due in part to generation oversupply.
 
To address these challenges and to improve competitiveness of renewables in Peru’s energy market, the Ministry of Energy and Mines (MINEM) has announced that it is reviewing the country’s renewable energy regulatory framework. Among the measures under consideration are regulatory acknowledgement of firm power in renewable sources (to avoid mandatory backup generation), hourly blocks in auction designs, as well as possible tax benefits. A clear and stable renewable energy policy framework would advance Peru’s energy security and environment goals since, according to new estimates, generation oversupply is expected to end in 2021.
 
In terms of deployment, Peru’s largest to date utility-scale solar projects, which were contracted in prior auctions, have begun operations in 2018: Enel’s 145 MW Rubi Project and Engie’s 40 MW Intipampa Project. Enel has also begun operations of a 132 MW wind farm, Wayra I.

In addition, by the end of 2019, Peru also reportedly plans to install some 140,000 solar panels in various areas of the country that require electricity in accordance with the government's goal of raising rural electrification coverage to 99%. 

The US Export-Import Bank (Ex-Im Bank)  approved a pair of direct loans to two wind power projects in Peru for the acquisition of wind turbines. The financing of almost US$65 million in total for Marcona and the Tres Hermanas wind projects represents Ex-Im Bank’s first renewable-energy transactions in Peru. The projects have a combined generating capacity of129 megawatts

The Global Cleantech 100 List is a list of the top 100 private companies in clean technology. Collated by combining proprietary Cleantech Group research data, with over 9,000 nominations and specific input from an expert panel, these companies represent the most innovative and promising ideas in cleantech—the companies that are most likely to make the most significant market impact over the next 5-10 years.

A total of 18 countries are represented on this year’s list year (a record), with the first entrant from Latin America. 61% of the companies on the list came from the North America region (with 56 companies from the United States). 32 of the companies are from the Europe & Israel region, six from Asia Pacific and, for the first time, a company from South America. Pure Biofuels de Perú specialises in liquid fuels storage, distribution, marketing, and biodiesel production in Peru.

The concept of cleantech embraces a diverse range of products, services, and processes across industry verticals that are inherently designed to (a) Provide superior performance at lower costs, (b) Greatly reduce or eliminate negative ecological impact, and (c) Improve the productive and responsible use of natural resources.