Peru's Accelerated Energy Transition: Green Hydrogen Development and Renewable Energy Market Expansion
Key Ideas
  • Peru's Minister of Energy and Mines aims to eliminate barriers to non-conventional renewable energies, with a portfolio of projects totaling 20,000 MW set to benefit the country's energy market.
  • The Green Hydrogen Promotion Law, aligned with APEC economies, is in the regulatory stage to boost the production of green hydrogen in Peru utilizing abundant solar and wind potential.
  • A workshop on green and low-carbon hydrogen roadmaps in the Asia-Pacific region highlighted Peru's commitment to sustainable energy development and the exchange of best practices with other countries like the US, China, and Japan.
  • Minister Mucho emphasized the importance of collaboration among APEC members for technology transfer and capacity building to enhance the competitiveness of green hydrogen for the region's economies.
In Peru, the Minister of Energy and Mines, Rómulo Mucho, announced plans to expedite the energy transition by amending Law No. 28832 to facilitate the entry of non-conventional renewable energies into the national energy generation market, potentially unlocking a portfolio of projects amounting to 20,000 megawatts. Furthermore, Peru is advancing the Green Hydrogen Promotion Law, in alignment with APEC economies, to harness the country's significant solar and wind energy potential for green hydrogen production. Minister Mucho highlighted these initiatives at a workshop organized by the APEC Energy Working Group, where experiences and strategies from countries like the US, China, and Japan were shared. The workshop served as a foundation for APEC economies to collaborate on developing green and low-emission hydrogen, emphasizing common strategic goals for sustainable energy. Minister Mucho called for joint efforts among APEC members to address the challenges of cost competitiveness through technology transfer and capacity building. This collective approach aims to benefit both the population and economies in the region. The developments in Peru reflect a positive sentiment towards hydrogen as a key player in the country's energy transition, showcasing a commitment to sustainable practices and international cooperation for a greener future.
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