Peru grants definitive wind concessions

Thursday, December 7, 2017

Peru's government has granted definitive concessions for two planned wind farms that total a combined 36MW and picked up contracts in the country's fourth renewable energy auction.

The projects are Duna and Huambos, each of which would boast 18.37MW and belong to developers GR Taruca and GR Paino, respectively, according to resolutions from the energy and mines ministry. Each will cost an estimated US$25.9mn.

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The ministry's general power department is now authorized to sign the concession contracts with the companies.

Both parks are planned for Huambos district in northern Cajamarca region and signed power supply agreements in 2016. Duna won with an offer of US$51.79/MWh and Huambos, US$46.79/MWh.

Latest information from energy and mining investment regulator Osinergmin shows that the companies have requested a modification to the works timetable due to force majeure over delays in environmental permitting and securing an archeological certificate.

Start of works and financial closure were scheduled for this August and September, which did not materialize, according to the watchdog. The farms' commercial operations startup date is December 2018.


Pictured: Duna project area (CREDIT: Osinergmin)