Solarpack Corporación Tecnológica SAU (“Solarpack”), a global renewable energy company based in Spain, has begun construction of what will be the largest solar plant in the history of Peru, according to the company.

The San Martín project, located in the La Joya district in the province of Arequipa, has a total installed capacity of almost 300 MW.

This project materializes after an agreement reached with Kallpa Generation, a prominent private company in the Peruvian market that produces 23.44% of the electrical energy consumed by the country. Kallpa has contracted on a long-term basis all the energy that San Martín will produce, expanding and strengthening its portfolio with non-conventional renewable energy.

This development is aligned with Peru’s energy transition objectives, promoting greater generation of non-conventional renewable energy and contributing to diversifying its current energy matrix.

San Martín will generate more than 830 GWh per year, equivalent to the annual electricity consumption of more than 440,000 homes. It will avoid more than 564,000 tons of CO2 emissions per year. The plant will use cutting-edge technology to optimize the efficiency of solar energy production.

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The project is scheduled to come online in the second quarter of 2025, creating 450 jobs during construction.

“The San Martín project reaffirms Solarpack’s ability to develop, contract and construct large international projects, supporting our clients with projects that can be built on time and on budget. “We are proud to help Peru reduce its carbon emissions and support its socioeconomic development with the creation of jobs and social benefits,” commented Leo Moreno, global CEO of Solarpack.

The agreement of this PPA with Kallpa supports Solarpack’s international diversification strategy and the signing of agreements with top-level clients.

Rosa María Flores-Araoz, CEO of Kallpa, said: “This agreement and the implementation of the project will allow us to continue diversifying energy sources for our clients in Peru, and reaffirms the strength of the Peruvian electrical system to promote the development of non-conventional renewable projects in favor of a more sustainable energy matrix and safe”.

The project was awarded on August 25, 2022 by the Ministry of Energy and Mines of Peru (Minem) and, as of today, it has obtained all the necessary licenses to begin its construction.

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