The opportunity
Peru's rising attractiveness for renewables investment is
illustrated in the EY Renewable Energy Country Attractiveness
Index. The country joined the index only very recently in May 2013,
and by March 2015 was ranked 26th. It was also ranked 11th in the
Climatescope 2014 Clean Energy Investment and Climate Financing
league table, because of the impressive volume of financing
received in 2013 in the small hydro and wind sectors. Several
international players, including the IFC, BBVA, KfW, FMO, IDB and
Corporación Andina de Fomento, have already entered the
Peruvian renewables market, most notably through participation in
hydropower projects. According to the Ministry of Energy and Mines
(MINEM), energy demand in Peru is projected to grow at ten per cent
annually, propelled primarily by industrial growth. Accordingly, it
is estimated that in 2017 total required energy capacity is
expected to increase to almost 8GW, which would require
