The Republic of Peru is a country in the western South America. It is the third largest country in South America after Brazil and Argentina and extends over 1.28 million km2 with a large diversity of ecosystems, mineral and energy resources. Peru has a population of almost 32.2 million, mostly concentrated in the capital city of Lima and Spanish is the official language.

The country’s economy is in constant growth. Peru’s main exports are copper, gold, zinc, textiles, and fish meal. Its major trade partners are Brazil, Chile, China and the United States. Peru offers many investment opportunities and options. The mining, finance, communication, industry and energy sectors are the five main targets of foreign direct investment.

Peru’s energy matrix is largely based on oil and natural gas. Electricity generation is largely based on natural gas and hydropower. Peru has made significant steps in promoting renewable energy in the electricity market with the aim of diversifying its electricity mix and reducing its dependence on fossil fuels.

The solar atlas of Peru shows that the region with the highest solar resource is along the southern coast in Arequipa, Moquegua and Tacna. The annual average daily irradiation is around 250 W/m2. The opportunities for solar are diverse, with potential in large grid connected projects, mid-sized off grid projects in mining and industry and small-scale PV systems for rural electrification.