Although the world remains largely dependent upon fossil fuels for power generation, a gradual transition towards renewable sources has been taking place since the 1990s, underpinned by multilateral deals such as the Kyoto Protocol, the Doha Amendment and, more recently, the Paris Agreement. Investment and development in renewable technologies...
Peru boasts significant mining potential thanks to an abundance of geological resources and a competitive ecosystem that facilitates business. Furthermore, the sector is a key contributor to the broader economy. According to BBVA Research, in 2017 the mining industry accounted for 60% of total exports, 11% of private investment, 10% of GDP, 5...
As of May 2019 Peru maintained 14,900 MW of renewable energy generation capacity, based on a mix of contributions from hydroelectric, wind, biomass and solar facilities. Hydroelectric and wind provided 43% and 40%, respectively; biomass sourced a further 11.6%; and solar produced the remaining 5%. The country earned a reputation as a...
With a vast wealth and diversity of metals and minerals, Peru is in a privileged position when it comes to natural resources. According to the US Geological Survey’s “Mineral Commodities Summaries 2019” report, in 2018 Peru had more silver deposits than any other country in the world except for Poland, as well as the world’s third-largest...
While Canada-based Plateau Energy Metals’ Macusani uranium project near Puno is undergoing preliminary economic assessments, its lithium reserves, which were discovered unexpectedly in November 2017, are giving rise to interest in an area that could see Peru become a major player in the global lithium boom. Plateau Energy Metals began as a...
The development of Peru’s energy market has been rife with challenges and opportunities in recent years, as the sector has come under cross-pressures from unique domestic concerns and sweeping structural changes in the global economy. On the one hand, while Peru could once stake a claim to being South America’s largest commercial producer of...
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