How much power does Peru have?

According to a study published by the International Renewable Energy Agency (IRENA, 2014) Peru has a potential of 69,445 MW of hydroelectric power; 22,500 MW of wind power, located mainly on the Peruvian coast; 3,000 MW of geothermal power, and a solar energy power with average daily irradiance of 250W/m 2.

What are the opportunities for battery energy storage systems in Latin America?

The opportunities for battery energy storage systems are growing rapidly in Latin America. Below are some key details for those who want to understand and succeed in the BESS market. In 2010, the IEA projected that the world would reach its 2019 solar penetration only in 2035. Analysts underestimated solar adoption by 16 years.

Are renewable energies a problem in Peru?

According to statements by the president of the Sociedad Peruana de Energías Renovables (2021)11: “There is a lot of opposition, unfortunately, to renewable energies taking a predominant or, at least, significant role in the Peruvian electricity sector.

What are the energy policy objectives of Peru?

The same happened with Bill 6953 of 2021, which was not approved by the Commission of Energy and Mines of the Congress of Peru, as analyzed before. For this reason, energy policy objectives should aim, on the one hand, at recovering the State's capacity to decide the structure of our energy matrix in the long term.

Does Peru have a Bess regulation?

Peru has no existing BESS regulation and is currently evaluating how to move forward with battery storage projects. In fact, in January 2024, Peru’s energy and mining investment regulator, Osinergmin, opened a request for a proposal for a study on energy storage.

Does Peru have a power reserve margin?

This means that Peru has a particularly important power reserve margin. The installed capacity of 15,223 MW (Fig. 2) is composed of efficient and inefficient generation. Efficient generation, as defined by the COES, comes from hydroelectric plants, natural gas plants and RER. Inefficient generation comes mainly from diesel thermal power plants.