Inkia Energy Unveils Ambitious Renewable Plan for Peru

• Inkia Energy is set to lead Peru’s renewable revolution, with plans for 1 GW of solar and 600 MW of wind, transforming the nation’s energy landscape by 2026.

Inkia Energy has announced ambitious plans to become Peru's largest renewable power producer through a pipeline of gigawatt-scale solar and wind projects. Currently, the company operates 2.2 GW of hydropower, natural gas, and battery storage assets. By late 2025, Inkia aims to add approximately 1 GW of solar power capacity to the National Interconnected Grid and launch two wind projects with a total capacity of at least 600 MW in 2026.

The company is expanding its photovoltaic farm in Southern Peru from an initial 228 MWp to 338 MWp after receiving an environmental permit, with completion expected by late 2025. Additionally, Inkia has secured energy and I-REC off-take agreements for two adjacent PV parks, anticipated to establish Peru's Solar Hub. CEO Willem Van Twembeke emphasized the company’s pursuit of a balanced portfolio and its strong investment grade rating, positioning it as a reliable choice for clients.

How is Inkia Energy planning to lead Peru's renewable energy transition?

Inkia Energy's Plans for Leading Peru's Renewable Energy Transition

• Diversified Energy Portfolio: Inkia Energy is committed to creating a balanced portfolio that includes various renewable sources, such as solar and wind, alongside its existing hydropower and natural gas assets. This strategy helps to optimize energy production and reduce reliance on fossil fuels.
• Gigawatt-Scale Projects: The company's ambitious plan includes the development of multiple large-scale solar and wind facilities, with a goal of adding approximately 1 GW of solar power capacity to the National Interconnected Grid by late 2025, alongside at least 600 MW from wind projects set to launch in 2026.
• Expansion of Solar Capacity: The expansion of the photovoltaic farm in Southern Peru marks a significant step, increasing its capacity from 228 MWp to 338 MWp. This project not only enhances renewable energy generation but also responds to Peru's growing energy demands while meeting environmental standards, as evidenced by the recent environmental permit approval.
• -stablishment of Peru's Solar Hub: By securing energy purchase agreements and International Renewable Energy Certificates (I-REC) for two adjacent photovoltaic parks, Inkia aims to establish a centralized solar hub in Peru. This could potentially attract further investment in renewable technologies and efforts, positioning the country as a leader in solar energy within the region.
• Commitment to Environmental Sustainability: Inkia Energy’s projects are designed to align with national goals for reducing carbon emissions and increasing renewable energy sources. Their efforts contribute to Peru's broader strategy of mitigating climate change impacts while ensuring energy security.
• Investment-Grade Rating: The company’s strong investment-grade rating positions it favorably in the market, building trust among stakeholders and investors. This financial stability allows Inkia to secure necessary funding for its renewable projects, ensuring successful implementation and operation.
• Collaboration and Partnerships: Inkia Energy is likely to pursue collaboration with government bodies, NGOs, and other renewable energy companies to promote sustainable practices and innovations. Partnerships could facilitate knowledge sharing, technological advancements, and community engagement in solar and wind projects.
• Job Creation and Economic Growth: By expanding its renewable energy capacity, Inkia is set to create job opportunities in the energy sector and contribute to local economies. Developing renewable energy infrastructure often leads to enhanced employment in construction, operations, and maintenance sectors.
• Community Engagement Initiatives: Inkia Energy is expected to implement community engagement strategies to educate the public about renewable energy benefits and its projects. By fostering strong relationships with local communities, the company can build support for renewable initiatives and ensure that local interests are considered.
• Innovative Technology Adoption: The incorporation of advanced technologies for solar and wind energy production, such as smart grid systems and energy storage solutions, will enable Inkia to improve efficiency and reliability in its renewable energy offerings.
• Contribution to National Energy Goals: Finally, Inkia Energy’s actions align with Peru's commitment to increasing the share of renewable energy sources in its energy matrix, supporting the nation’s targets for sustainable development and reducing greenhouse gas emissions in the long term.