In 2021, Peru’s economy was ranked 49th in the world in gross domestic product (GDP). The country’s economy is dependent on the export of copper ore, gold, refined copper, natural gas, animal meal, and fish oil,
In 2014, the government of Peru set the goal of generating 60% of the nation’s electricity from renewable energy by 2025.
In 2016, Peru signed the Paris Climate Agreement, committing to an unconditional 20% reduction in greenhouse gas emissions by 2030, compared to business as usual.
In 2021, utilities used renewable energy (60.9 %), natural gas (23.7 %), oil (14.7 %), and coal (0.7 %) to generate electricity in Peru. Hydropower is the dominant type of renewable energy used to generate electricity in Peru.
Recent renewable energy developments in Peru include:
- 260 MW Wind Project – French utility, Engie is continuing work on the Punta Lomitas project at a site approximately 175 miles southeast of the nation’s capital, Lima. The project is forecast to be commissioned in 2023.
- 228 MW Hydropower Project –S. engineering company, Inland Energy is continuing work on the Lluclla hydroelectric project at a site approximately 550 miles southeast of Lima. The project is forecast to be commissioned in 2026.
- 156 MW Hydropower Project –S. engineering company, Inland Energy is continuing work on the Lluta hydroelectric project at a site approximately 450 miles southeast of Lima The project is forecast to be commissioned in 2026.
- 100 MW Solar + 100 MWh Energy Storage Project – French utility, EDF is continuing work on a solar project at a site approximately 500 miles northeast of Lima. The project is forecast to be commissioned in 2026.
In 2014, Peru used renewable energy to generate 51.9% of the nation’s electricity. In 2021, Peru achieved the energy goal of generating 60% of the nation’s electricity from renewable energy by 2025.
Peru has significant undeveloped renewable energy resources, including hydropower, wind, solar, and biomass. The government of Peru is continuing to invest in new renewable energy and is on track to meet the nation’s Paris Climate Agreement commitment.
Peru is moving closure to a zero-carbon power future.
Website – “Our Energy Conundrum”
Jack Kerfoot is a scientist, energy expert, and author of the book FUELING AMERICA, An Insider’s Journey and articles for The Hill, one of the largest independent political news sites in the United States. He has been interviewed on over 100 radio and television stations from New York City to Los Angeles on a wide range of energy topics.
 The World Bank Group, Access to Electricity (% of Population – Peru )
 Gross Domestic Product By Country 2021 – Worldometer
 The Observatory of Economic Complexity (OEC) – Peru
 Renew Economy – “Peru Lifts Renewable Energy Target To 60% By 2025” by Giles Parkinson, 7 December 2014
 Carbon Brief – “2015: Tracking Country Climate Pledges”
 Our World In Data, Peru: Energy Country Profile by Hanna Ritchie and Max Roser