Peru's Energía Eólica plots LatAm growth plans

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Thursday, November 13, 2014

Lima-based renewable energy developer Energía Eólica has revealed plans to expand its wind, solar and hydroelectric portfolios in Brazil, Peru, Colombia and Mexico.

Speaking on the sidelines of BNamericas' 11th Southern Cone Energy Summit in Lima, Energía Eólica's Talara site manager Sergio Quiñones praised "business-friendly conditions" in the Latin American nations.

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"They are the most attractive Latin American countries because of the legal protection they offer investors and the sheer quantity of opportunities on offer," Quiñones said.

The generation portfolio of Energía Eólica, a subsidiary of New York-based Contour Global, includes wind, biomass, natural gas, small hydropower and solar plants.

"Wind is our focus, but we're also particularly targeting small hydroelectric and solar power growth," Quiñones said. "We have a lot on our plate in Brazil and for that reason we didn't participate at [last month's] solar auction but we will be keeping a close eye on opportunities at future auctions."

Quiñones added that the firm was already seeking wind opportunities in Mexico following landmark reform that has ended the country's decades-old state energy monopoly.

A worker at the September launch of Energía Eólica's Cupisnique wind farm in Trujillo, Peru. CREDIT: AFP