Peru Power Market Outlook to 2035 – Market Trends, Regulations and Competitive Landscape

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Peru Power Market Report Overview

The annual power consumption in Peru was 50.4 Terawatt hours (TWh) in 2022. It is expected to grow at a CAGR of more than 4% during 2022-2035 backed by a rise in industrial and residential consumption. Additionally, favorable government initiatives encourage the use of renewable sources in energy generation to reduce its dependence on fossil fuels and diversify the power mix. For instance, investment incentives are provided for renewable energy power generators. Furthermore, solar PV projects are being developed by the government and used to generate power in areas that cannot access grids connected to the National Power Grid (Sistema Eléctrico Interconectado Nacional, SEIN).

Peru Power Market Outlook (2022-2035)

Peru Power Market Outlook (2022-2035)
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The Peru power market research report discusses the power market in the country in-depth and predicts future outcomes until 2035.  Detailed coverage of the regulations and policies governing the market is also provided in the report.  The Peru power market report highlights the cumulative installed capacity and power generation trends by individual generation source from 2010 to 2035 in the country’s power market. Furthermore, the report also provides company snapshots of a few of the major market participants.

Total Power Consumption (2022) 50.4TWh
CAGR (2022-2035) >4%
Historical Period 2010-2022
Forecast Period 2023-2035
Key Sector ·        Industrial Sector

·        Residential Sector

·        Commercial Sector

Key Deal Types ·        Asset Transactions

·        Partnerships

·        Acquisition

·        Debt Offerings

Key Companies ·        Inkia Energy Group

·        Enel Generacion Peru SAA

·        Engie Energia Peru SA

·        Empresa Electricidad del Peru SA

·        China Three Gorges Corp

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Peru Power Market by Sectors

The industrial sector had the dominant share in power consumption in 2022

The key sectors in the Peruvian power market are the residential sector, industrial sector, commercial sector, and other sectors. In 2022, the industrial sector had the dominant share in power consumption in the Peruvian power market, followed by the residential sector and the commercial sector.

Peru Power Consumption Market Analysis by Sectors, 2022 (%)

Peru Power Consumption Market Analysis by Sectors, 2022 (%)
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Peru Power Market Segmentation by Deal Types

Most of the deals in the Peru power market were asset transactions in 2022

The key deal types recorded in the Peru power market in 2022 are partnerships, debt offerings, acquisitions, and asset transactions. A total of 8 deals were executed in 2022. Based on the deal type, Peru’s power market was dominated by asset transactions in 2022, followed by partnerships and acquisitions.

Peru Power Market Analysis by Deal Types, 2022 (%)

Peru Power Market Analysis by Deal Types, 2022 (%)
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Peru Power Market – Competitive Landscape

In 2022, Peru’s power generation market was dominated by Inkia Energy Group

The key companies in the Peru power market include:

  • Inkia Energy Group
  • Enel Generacion Peru SAA
  • Engie Energia Peru SA
  • Empresa Electricidad del Peru SA
  • China Three Gorges Corp

 Enel Generacion Peru SAA: Enel Generacion Peru SAA (Enel Generacion), a subsidiary of Enel Americas SA, is a power generation company. It offers transmission and distribution of electricity. The company generates electricity through thermal and hydroelectric sources. Enel Generacion also carries out a hydroelectric plant generation portfolio that includes Huinco, Matucana, Callahuanca, Moyopampa, Huampani, Chimay, and Yanango. Its thermal power plant generation portfolio includes Santa Rosa and Ventanilla. Enel Generacion also provides online services for payments, digital receipts, and other services. It serves residential and commercial customers across Peru. Enel Generacion is headquartered in San Miguel, Peru.

Peru Power Generation Market Analysis by Companies, 2022 (%)

Peru Power Generation Market Analysis by Companies, 2022 (%)
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Latest Developments

  • In September 2023, Empresa Electricidad del Peru SA signed an agreement with COFIDE to develop distributed generation in Peru. This could allow individual users to generate power through solar photovoltaics, such distributed power generation could lower the dependence on conventional energy sources. Such agreements would allow the company to lower its reliance on conventional energy sources.

Segments Covered in the Report

Peru Power Type Industry Outlook (Value, 2010-2035)

  • Residential Sector
  • Industrial Sector
  • Other Sector
  • Commercial Sector

Peru Power Market Deal Type Outlook (Value, 2010-2035)

  • Debt Offerings
  • Acquisition
  • Asset Transactions
  • Partnerships
  • Private Equity
  • Venture Financing

Scope

  • Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential of the power sector.
  • Statistics for installed capacity, generation, and consumption from 2010 to 2022, and forecast for the next 13 years to 2035.
  • Capacity, generation, and major power plants by technology.
  • Data on leading active and upcoming power plants.
  • Information on transmission and distribution infrastructure, electricity imports and exports,
  • Policy and regulatory framework governing the market.
  • Detailed analysis of top market participants, including market share analysis and SWOT analysis.

Reasons to Buy

Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector

Identify key factors driving investment opportunities in the country’s power sector

Facilitate decision-making based on strong historic and forecast data

Develop strategies based on the latest regulatory events

Position yourself to gain the maximum advantage of the industry’s growth potential

Identify key partners and business development avenues

Identify key strengths and weaknesses of important market participants

Respond to your competitors’ business structure, strategy, and prospects

Inkia Energy Group
Enel Generacion Peru SAA
Engie Energia Peru SA
Empresa Electricidad del Peru SA
China Three Gorges Corp

Table of Contents

Table of Contents

1 Executive Summary

1.1 Renewable power to increase at a steady rate but will still trial behind thermal and hydropower in

2035.

1.2 Power demand to grow at a healthy pace backed by increase in industrial and residential consumption.

2 Introduction

2.1 Peru Power Market

2.2 GlobalData Report Guidance

3 Peru Power Market, Snapshot

3.1 Country Summary

3.2 Macroeconomic Factors

3.3 Supply Security

3.4 Opportunities

3.5 Challenges

4 Peru Power Market, Market Analysis

4.1 Market Structure

4.2 Key Market Players

4.3 Financial Deals

Deal Value and Volume, 2010–2022

Deals by Type, 2022

4.4 Peru Power Market, Demand Structure

Power Consumption by Sector, 2022

5 Peru Power Market, Regulatory Scenario

5.1 Hydropower Policy

5.2 Renewable Energy Market, Overview

5.3 Policy Snapshot

5.4 Renewable Energy Targets

5.5 Legislative Decree 1002

5.6 Climate Change Framework Law

5.7 Auctions

5.8 Net Metering

5.9 National Energy Plan, 2010–2040

5.10 The Electric Social Compensation Fund (FOSE)

5.11 National Rural Electrification Plan

5.12 General Law for Rural Electrification

5.13 New Regulations of Electricity Generation from Renewable Energy

5.14 Organic Law on Geothermal Resources

6 Peru Power Market, Capacity and Generation

6.1 Cumulative Capacity Share by Technology, 2022

6.2 Total Power Capacity and Generation, 2010–2035

6.3 Thermal Power Capacity and Generation, 2010–2035

6.4 Hydropower Capacity and Generation, 2010–2035

6.5 Renewable Power Capacity and Generation, 2010–2035

7 Peru Power Market, Transmission and Distribution Overview

7.1 Transmission Network

7.2 Distribution Network

7.3 Electricity Import and Export

7.4 Grid Interconnection

8 Peru Power Market, Major Generating Companies

8.1 Enel Generacion Peru SAA

Company Overview

8.2 Engie Energia Peru SA

Company Overview

8.3 Empresa Electricidad del Peru SA

Company Overview

Business Description

SWOT Overview

9 Appendix

9.1 Abbreviations

9.2 Market Definitions

Power

Renewable Power

Installed Capacity

Electricity Generation

Electricity Consumption

9.3 Methodology

Coverage

Secondary Research

Primary Research

Modelling and Forecasting

About GlobalData

Contact Us

Table

List of Tables

Table 1: Power Market, Peru, Macroeconomic Factors, 2010–2030

Table 2: Policy Snapshot, Peru, 2022

Table 3: Peru Renewable Policy, Auctions, Awarded Capacity

Table 4: Power Market, Peru, Cumulative Capacity and Annual Generation, 2010–2035

Table 5: Power Market, Peru, Cumulative Capacity and Annual Generation Share by Technology, 2010–2035

Table 6: Thermal Power Market, Peru, Cumulative Capacity and Annual Generation, 2010–2035

Table 7: Thermal Power Market, Peru, Major Plants, 2022

Table 8: Hydropower Market, Peru, Cumulative Capacity and Annual Generation, 2010–2035

Table 9: Hydropower Market, Peru, Major Plants, 2022

Table 10: Renewable Power Market, Peru, Cumulative Capacity (GW), 2010–2035

Table 11: Renewable Power Market, Peru, Annual Generation (TWh), 2010–2035

Table 12: Renewable Power Market, Peru, Major Plants, 2022

Table 13: Power Market, Peru, Transmission Line Length (Ckm) by Voltage Level, 2010–2027

Table 14: Power Market, Peru, Distribution Line Length (Ckm) by Voltage Level, 2010–2025

Table 15: Power Market, Peru, Annual Electricity Import and Export (TWh), 2000–2022

Table 16: Abbreviations

Figures

List of Figures

Figure 1: Renewable Power Market, Peru, Cumulative Capacity, 2010–2035

Figure 2: Power Market, Peru, Annual Power Consumption, 2010–2035

Figure 3: Power Market, Peru, Country Summary

Figure 4: Power Market, Peru, Macroeconomic Factors, 2010–2030

Figure 5: Power Market, Peru, Market Structure

Figure 6: Power Market, Peru, Market Share of Generation Companies (%), 2022

Figure 7: Power Market, Peru, Deal Value and Number of Deals, 2010–2022

Figure 8: Power Market, Peru, Deals by Type (%), 2022

Figure 9: Power Market, Peru, Annual Power Consumption, 2010–2035

Figure 10: Power Market, Peru, Power Consumption by Sector (%), 2022

Figure 11: Power Market, Peru, Cumulative Capacity Share by Technology (%), 2022

Figure 12: Power Market, Peru, Cumulative Capacity and Annual Generation, 2010–2035

Figure 13: Power Market, Peru, Capacity Share by Technology, 2010–2035

Figure 14: Power Market, Peru, Annual Generation Share by Technology, 2010–2035

Figure 15: Thermal Power Market, Peru, Cumulative Capacity and Annual Generation, 2010–2035

Figure 16: Hydropower Market, Peru, Cumulative Capacity and Annual Generation, 2010–2035

Figure 17: Renewable Power Market, Peru, Cumulative Capacity, 2010–2035

Figure 18: Renewable Power Market, Peru, Annual Generation, 2010–2035

Figure 19: Power Market, Peru, Annual Electricity Import and Export, 2000–2022

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