- Inkia Energy aims to become Peru’s largest renewable power producer by adding approximately 1 GW of solar power and two wind projects with a combined capacity of at least 600 MW by 2026.
- The company is expanding a photovoltaic farm in southern Peru from 228 MW to 338 MW and has signed agreements for two adjacent PV parks, collectively forming Peru’s Solar Hub.
- The expansion will create new jobs, stimulate local economies, and contribute to Peru’s goal of generating 60% of its energy from renewable sources by 2025.
Inkia Energy unveiled plans on Thursday, October 10, to expand its renewable energy portfolio, positioning itself as Peru’s top renewable power producer. Owned by US buyout firm I Squared Capital, Inkia currently operates 2.2 gigawatts (GW) of energy capacity, which includes hydropower, natural gas, and battery storage assets.
Inkia will diversify its energy generation by adding around 1 GW of solar power to the National Interconnected Grid by late 2025. It will also introduce two wind projects in 2026 with a combined capacity of at least 600 megawatts (MW).
In southern Peru, Inkia is building a photovoltaic (PV) farm initially set for 228 MW. After receiving an environmental permit, Inkia expanded the site to 338 MW and plans to energise the facility by the second half of 2025.
The company signed energy and International Renewable Energy Certificates (I-REC) off-take agreements to support two adjacent PV parks. Together with Sunny Park, these projects will form Peru’s Solar Hub, according to Inkia.
Peru’s growing demand for renewable energy aligns with this expansion. The government targets 60% of its energy from renewable sources by 2025. Inkia’s solar and wind projects directly contribute to this goal and emphasise its commitment to sustainability.
Inkia Energy’s CEO, Willem Van Twembeke, highlighted the company’s balanced portfolio. He stressed that Inkia’s investment-grade rating strengthens its reliability, making it a preferred choice for clients seeking energy and financial support.
These projects will create new jobs and stimulate local economies. As Peru’s renewable sector grows, the demand for construction, maintenance, and operational roles will increase. Local communities will benefit from more employment and access to cleaner energy sources.
Peru’s natural geography offers ideal conditions for renewable energy generation. The country’s landscape supports solar, wind, and hydropower projects. Inkia aims to capitalise on these resources by expanding into solar and wind.
The PV farm in southern Peru will use cutting-edge solar technology to enhance efficiency and maximise output. With its increased capacity of 338 MW, Inkia aims to meet the region’s rising energy demands.
Inkia’s wind projects will further strengthen its renewable energy portfolio. These wind farms will harness Peru’s robust wind patterns, providing a stable energy source and diversifying Inkia’s generation mix.
Inkia’s expansion mirrors global trends towards sustainable energy. Many countries are transitioning to renewable sources, and Inkia’s investments reflect the broader push within the energy industry.
Investing in solar and wind, Inkia is a leader in Peru’s renewable energy market. The company sets a strong example for other power producers, demonstrating how energy diversification can drive growth and sustainability.
As Inkia moves forward, the company will maintain its focus on sustainability and reliability. These efforts will significantly contribute to Peru’s renewable energy goals, with Inkia aiming to achieve a substantial presence by 2026.
Inkia’s initiatives also address climate change by reducing reliance on fossil fuels. This transition to cleaner energy is crucial in building a sustainable future.
In summary, Inkia Energy’s bold plans showcase its commitment to renewable energy. With new solar and wind projects underway, Inkia aims to lead the charge towards a greener, more sustainable future for Peru.