Peru: Renewable sources to generate 15% of energy matrix by 2030

Energy and Mines Minister Francisco Ismodes on Monday projected renewable sources will generate 15% of Peru’s energy matrix by 2030.

According to the high-ranking official, currently 4.4% of the energy matrix comes from unlimited natural resources, mainly from wind and solar sources.

“We want to develop a more competitive electric sector. We are working not only (focused) on the electrification of the country’s remote communities, but also on increasing renewable energies within the energy matrix,” he expressed.

Furthermore, the cabinet member indicated one of the goals is to implement a vision of regional interconnection with more advanced countries on the matter, such as Chile, Ecuador, and Colombia.

Electric vehicles

The MEM representative went on to add his portfolio is working on the entry of electric vehicles into the Inca country.

In this sense, the official informed the world’s electric transport mode sales are increasing, thus the International Energy Agency (IEA) estimates the manufacturing of 13 million electric vehicles —worldwide— by the end of 2030.


However, Minister Ismodes pointed out that —in order to spread this new transport system— the nation must overcome some barriers, such as the lack of charging infrastructure and the high acquisition costs.

He stressed that another limitation is the high acquisition cost of this type of vehicles and that is why they are developing a regulatory framework that allows three axes to be addressed, such as promotion and supply, as well as marketing, maintenance and financing.

Regarding the supply, he said that it is important that regulations be developed for charging stations that can supply energy with an open market and competitive rates.

Marketing and financing

On the other hand, in terms of marketing, financing and maintenance, he stated that it is necessary to generate agreements with institutions that allow the development of credit lines with low interests. For example, green funds with credit lines from CAF, Cofide, banks and savings banks.

Likewise, “we must seek to promote the public transport system to expand with electric vehicles and work with public entities to access this type of transport”.

“Finally, we must push the scrapping program through bonds to reduce old cars to combustion”, he added.

Source: Agencia Andina