Statkraft Peru adds solar and wind to its hydro-heavy portfolio

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Statkraft Peru’s current installed capacity consists entirely of hydroelectric power

Renewables company Statkraft Peru has acquired the shares of two companies; GR Vale SAC, owner of the LUPI solar project located in Carumas, Moquegua; and GR Bayovar SAC, owner of the EMMA wind project in Sechura, Piura.

The 150MW LUPI solar project is located at more than 4,500 meters above sea level and will make the best of the region’s high radiation levels to maximise the production of photovoltaic energy.

The EMMA wind energy project will be built in two phases, the first of which will include 72MW of wind capacity. The second phase will develop approximately 408MW of hybrid generation (wind and solar power) making it the first hybrid plant in operation in Peru, according to Statkraft.

Both projects have good soil conditions for the construction phase, close interconnection points, and easy land and sea access.

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“With this acquisition, Statkraft Peru could double its electrical potential once these projects come into operation, through 100% renewable, non-conventional energy, in regions of the country with the best conditions for wind and solar projects. We have the goal of growing with non-conventional renewable energy plants and we hope to have a portfolio of at least five or six projects soon”, highlights Juan Antonio Rozas, country manager of Statkraft Peru.

To date, the studies and permits are being completed, which will allow the construction phase to begin during the 2024-2025 period.

Statkraft Peru’s current installed capacity (450MW) is entirely hydroelectric. These acquisitions will help to diversify the company’s portfolio and will complement the installed generation capacity. Wind energy will complement the lower hydroelectric production in the dry season and solar technology will contribute to production in the hours of greatest radiation with the leveling of production peaks during the year.

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