Peru Announces Plan to Generate 60% of all Electricity Through Renewables

The Peruvian Minister of Energy and Mines, Eleodoro Mayorga, introduced the Peruvian Energy Plan today during the UN Climate Change Conference in Lima, Peru. The plan proposes that Peru, in the coming decade, will meet its electricity needs through a combination of renewable energy sources and natural gas, Peru's lowest-cost natural energy resource. Peru intends to generate 60 percent of its electricity through renewable sources by 2024.

Earlier this year, the Peruvian Government and IRENA cooperated on a renewable energy readiness assessment for the country. The assessment identifies further actions that need to be taken to expand the share of renewables in Peru, as well as how to better complement rural electrification and improve on-going efforts to foster the development of bio fuel in the country.