Peru’s Ministry of Economy and Finance (MEF), in coordination with various public entities, has unlocked the execution of nine renewable energy projects representing a total investment of USD 6.020 billion. These initiatives will strengthen the nation’s electricity generation capacity and boost economic activity, according to Minister Denisse Miralles.

The head of the MEF explained that, through the Specialised Investment Monitoring Team (EESI), the government supported the completion of key procedures required to advance solar PV and wind power plants, as well as a green hydrogen project, located in the regions of Arequipa, Moquegua, Piura, Lambayeque and Ica.

In Arequipa, four projects are progressing, with a combined investment of USD 3.949 billion:

• Illa Photovoltaic Solar Plant, USD 374 million

• Solimana Solar Plant, USD 150 million

• Babilonia Photovoltaic Solar Plant, USD 147 million

• Green Hydrogen Plant – Phase 1, amounting to USD 3.278 billion

In Moquegua, two renewable energy projects totalling USD 590 million are under development:

• Rutas del Sol Solar Plant, USD 318 million

• Hanaqpampa Photovoltaic Solar Plant, USD 272 million

In Piura, the Bayóvar Wind Farm is advancing, with an investment of USD 1.056 billion; in Lambayeque, the Mórrope Wind Farm, at USD 353 million; and in Ica, the Wayra Photovoltaic Solar Project, at USD 72 million.

Minister Miralles highlighted that renewable energy developments—such as solar PV plants, wind farms and green hydrogen facilities—are essential to reducing reliance on fossil fuels, lowering pollutant emissions and strengthening the country’s energy security. She added that these investments help generate employment, stimulate private capital deployment and support sustainable development, contributing to the transition towards a cleaner energy matrix.

The minister also reported that, as of November 2025, the Specialised Investment Monitoring Team had facilitated 134 permits, licences and approvals necessary to unblock projects across various sectors: mining (64), transport (28), electricity (25), hydrocarbons (5), health (4), agriculture (2) and education (1). These advances relate mainly to environmental matters, operating authorisations, water-use permits and definitive concessions.

The MEF’s head noted that these results support the rise of private investment, which grew 11.4% in the third quarter of 2025, the highest rate since 2021. This performance, she said, reflects investor confidence in the country and its economic policy.

She added that investments under Public–Private Partnership (PPP) schemes will continue to strengthen, given that the current project pipeline and addenda amount to nearly USD 23 billion for the period December 2025 to December 2026. Momentum will be supported by the regulation of the new PPP Law, which aims to ensure the proper execution of investments, reinforce the governance of PROINVERSIÓN, shorten timelines for technical studies and optimise PPP process phases. Additional measures are expected within the legislative powers requested from Congress.

Finally, the minister highlighted that public investment reached PEN 49.168 billion between January and November 2025, representing a 5% increase compared to the same period the previous year.

“The current environment is favourable for greater investment, and therefore for achieving our goals of economic growth, higher revenues, employment and wellbeing for the Peruvian people,” she concluded.