Electricity in Peru in 2024

In Peru, electricity generation primarily comes from a mix of low-carbon and fossil sources. Low-carbon energy accounts for more than half of the electricity supply, at approximately 59%. A significant portion of this low-carbon electricity is generated through hydropower, which constitutes about 50% of the total electricity supply. In terms of fossil energy, gas is the dominant source, contributing nearly 40% to the overall electricity generation. While wind and solar make up smaller segments of the supply, at around 6% and 2% respectively, their presence is crucial for Peru's clean energy landscape.

Suggestions

Peru has the opportunity to increase its low-carbon electricity generation by looking at examples from other countries. France, where nuclear energy constitutes a large portion of the electricity supply at 68%, exemplifies how nuclear energy can provide a consistent and significant share of low-carbon electricity. Similarly, Denmark’s electricity generation is powered heavily by wind at 52%, demonstrating the potential for wind energy to become a major player when there is commitment to its development. Additionally, neighboring Chile’s focus on solar power, which contributes 22% of its electricity, indicates the potential for Peru to expand its solar capabilities given its similar geographic characteristics. By emulating these successful strategies, Peru can further diversify and strengthen its low-carbon electricity infrastructure.

History

The history of low-carbon electricity in Peru demonstrates a gradual but consistent increase in hydropower over the decades. In the early 1980s, hydropower saw steady growth, with a notable 1 TWh increase in 1981 and another 0.8 TWh increase in 1987. Following fluctuations in the 1990s, hydropower continued to expand into the 21st century with continuous positive changes, including significant jumps such as 4.9 TWh in 2017. Lately, 2024 has seen a renewable boost from both hydropower, with an impressive 2.9 TWh increase, and wind, which contributed an additional 1.5 TWh to the mix. These advancements position Peru well for continued growth in its clean energy capabilities.

Electricity Imports and Exports

Balance of Trade

Data Sources