Peru Energy Articles & Analysis

Chapter | Energy from The Report: Peru 2019

The development of Peru’s energy market has been rife with challenges and opportunities in recent years. While Peru could once stake a claim to being South America’s largest commercial producer of oil, fuel output has been on a steady decline for more than two decades, the country accounted for 1.8% of regional oil output in 2017. However, the same shifts that have undermined Peruvian...

Peru has seen relatively stable economic growth and significantly reduced the number of people living in poverty. Still, there have been multiple cases of corruption, but the government of President Martín Vizcarra Cornejo, who took office in 2018, has focused efforts on combatting this and stabilising the political climate. Nevertheless, challenges to ensuring sustainable development remain.

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As of May 2019 Peru maintained 14,900 MW of renewable energy generation capacity, based on a mix of contributions from hydroelectric, wind, biomass and solar facilities. Hydroelectric and wind provided 43% and 40%, respectively; biomass sourced a further 11.6%; and solar produced the remaining 5%. The country earned a reputation as a...

 

How could the gasification gap between the central and southern regions be narrowed?

 

Although the world remains largely dependent upon fossil fuels for power generation, a gradual transition towards renewable sources has been taking place since the 1990s, underpinned by multilateral deals such as the Kyoto Protocol, the Doha Amendment and, more recently, the Paris Agreement. Investment and development in renewable technologies...

 

Peru boasts significant mining potential thanks to an abundance of geological resources and a competitive ecosystem that facilitates business. Furthermore, the sector is a key contributor to the broader economy. According to BBVA Research, in 2017 the mining industry accounted for 60% of total exports, 11% of private investment, 10% of GDP, 5...

 

What are the short- and medium-term expectations of metal demand in global markets?

 

With a vast wealth and diversity of metals and minerals, Peru is in a privileged position when it comes to natural resources. According to the US Geological Survey’s “Mineral Commodities Summaries 2019” report, in 2018 Peru had more silver deposits than any other country in the world except for Poland, as well as the world’s third-largest...