Peru has a portfolio of 22,701 MW of non-conventional renewable energy projects with Pre-Operational Studies approved by the Economic Operation Committee of the System (COES), including solar and wind power plants. However, of that total, only 19 initiatives, representing 3,714.5 MW, have received the final generation concession granted by the Ministry of Energy and Mines.
Within that more advanced group, Energía Estratégica identified 14 projects totaling approximately 2.77 GW whose EPOs place their entry horizon between 2026 and 2027. The reduction allows us to focus on the companies that appear best positioned to lead the next stage of incorporating new renewable capacity into the National Interconnected Electricity System (SEIN).
This analysis is significant because it narrows Peru's vast renewable energy pipeline down to a portfolio with two regulatory milestones already achieved: EPO approval and final concession . From there, the question becomes identifying which developers hold the most capacity, which have the largest-scale projects, and which players are likely to be the first to begin operations.
Among the most prominent players is Continua Energías Positivas , which has three solar developments in Arequipa: Continua Misti, Continua Chachani, and Continua Pichu Pichu . Together, these projects total 460 MW and are slated to come online in 2026 according to their respective Environmental Performance Orders (EPOs).
Another large-scale project is Illa , developed by Energía Renovable La Joya, a company belonging to the Enhol Group . The photovoltaic plant has a capacity of 396 MW according to the EPO and is located in Arequipa, where it is scheduled to connect to the 220 kV San José substation.
Osinergmin's report lists the project as being under construction and sets 2026 as the year of commissioning. In terms of size, Illa is positioned as one of the most important individual assets within the short-term portfolio .
Orygen Peru also has a significant presence in this selection through two different technologies. On the one hand, it is developing Wayra Solar , a 94.2 MW project in Ica; on the other, it is included with the Mórrope wind farm, whose final concession covers 224 MW.
This combination makes Orygen one of the few players in the group with simultaneous exposure to solar and wind power generation. In the case of Mórrope, the EPO envisions a phased development, with one phase scheduled for 2026.
Another of the standout developers is ECORER , with the 257 MW Solimana photovoltaic plant in Arequipa, scheduled to come online in 2027. Due to its scale, it is among the most important solar projects in this selection.
Zelestra also appears with Babilonia, a 200 MW plant, in Arequipa, while GR Chabarbamba adds Macarena , of 170 MW in Ica, with a reference entry in 2027.
Acciona Energía Perú is also integrating this first line with San José , a 155.7 MW solar power plant located in Arequipa. The project has received its final concession, is currently under construction, and is scheduled to come online in 2026, with a planned connection to the San José substation at 220 kV.
ENGIE Energía Perú participates through Hanaqpampa , a 140.8 MW project in Moquegua. Its updated EPO establishes 2027 as the year of entry and includes the connection to the Moquegua-Ilo 2 line.
In this case, the timeline highlights a relevant issue for interpreting the pipeline: the projected entry year in the EPO does not necessarily coincide with the contractual Commercial Operation Date . Hanaqpampa, for example, has a later Commercial Operation Date, so the dates should be interpreted as technical references subject to the evolution of each project.
In Moquegua, GR Vale is moving forward with Lupi , whose concessioned capacity reaches 150 MW and whose EPO places it within the 2026 window.
The list of companies is completed by Ibereólica Caravelí , responsible for the Caravelí wind farm, with a capacity of approximately 218 MW. The project is located in Arequipa, has received its final concession, and is scheduled to connect to the 220 kV Poroma substation.
Photovoltaics dominates the next wave
Beyond the distribution between companies, solar technology clearly concentrates the majority of projects with an income horizon between 2026 and 2027 .
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Of the 13 projects identified, 11 are photovoltaic plants and only two are wind farms . This composition confirms a broader trend in the Peruvian pipeline, where solar energy also surpasses wind energy in approved EPO capacity.
In the overall universe surveyed by Osinergmin, photovoltaic power plants total 14,278.2 MW , compared to 8,422.8 MW of wind power , representing approximately 63% and 37% of the total respectively.
Wind power, meanwhile, maintains a presence through Caravelí and Mórrope , two projects of more than 200 MW each. Their incorporation would complement an expansion that, in terms of the volume of initiatives, is clearly leaning towards photovoltaic generation.
Arequipa leads in geographic concentration
The third element that emerges clearly from the survey is territorial concentration.
Arequipa has eight of the 13 identified projects : Illa, San José, Babilonia, Continua Pichu Pichu, Continua Chachani, Continua Misti, Solimana and Caravelí.
The region is already emerging as the main hub for solar energy development in Peru. Of the total number of photovoltaic projects with approved Environmental Performance Certificates (EPCs), Osinergmin reports 6,800.3 MW in Arequipa , significantly more than in other regions of the country.
Moquegua is another important hub, with Lupi and Hanaqpampa, while Ica is home to Wayra Solar and Macarena. Lambayeque completes this selection with the Mórrope wind farm.
The territorial distribution allows us to anticipate where some of the greatest electrical infrastructure needs might be concentrated in the coming years.
In several Pre-Operational Studies, COES itself identifies that the growing accumulation of renewable generation in the south may increase the load on certain lines and require control schemes to maintain the operational security of the SEIN .
The next debate: converting advanced projects into new capacity
This scenario will be one of the central points of the next edition ofFuture Energy Summit (FES) Peru , which will bring together developers, authorities, investors, technology providers and leaders of the electricity sector on September 28 in Lima.
The meeting will come at a time when the Peruvian market is beginning to discuss not only how many renewable projects can be developed, but also what conditions will be necessary to effectively turn them into operational power plants .
Among the executives and companies confirmed for the Future Energy Summit Peru are several key players with direct involvement in the expansion of the Peruvian electricity market. These include Marco Fragale, CEO of Orygen; Juan Elías Salinas, General Manager of Fenix Power; Rosa María Flores-Araoz, CEO of Kallpa Generación; Jaime Toledo, CEO of Acciona Energía South America; Diego Piqueras Sanz, Global Manager of Hybrid Projects at Grupo Enhol; Carlos Travezaño, General Manager of Inland Energy (Luz del Sur); and Guillermo Grande, CEO of EDF Peru .
They are joined by companies such as FMO, Sungrow, Huawei, Grupo Elecnor, Pluz Energía and ISA Energía , expanding the representation of developers, technologists, generators, utilities, investors and suppliers who will participate in the meeting.
Among the key areas that will gain prominence are regulation, battery storage, transmission, power purchase agreements and ancillary services , issues directly linked to the integration of an ever-growing renewable portfolio.
Energy storage, in particular, is beginning to position itself as a key component to support solar expansion. BESS solutions can provide flexibility, shift energy between time blocks, and offer services to the grid, although their growth will also depend on clear regulations and appropriate remuneration mechanisms.
For projects that already have a definitive concession and approved EPO, the discussion now revolves around meeting schedules, advancing construction, ensuring connection conditions, and finally achieving commercial operation .
Thus, market analysis is no longer solely focused on the total pipeline volume. The focus shifts to the companies that have already passed a significant portion of the regulatory stages and that could lead the next addition of new renewable capacity to the SEIN (National Interconnected System) between 2026 and 2027 .