Welcome to U.S. & Foreign Commercial Service’s Global Energy industry webpage. It provides the most recent market research, trade leads and event information in the Oil & Gas, Coal, Power Generation, and Renewable Energy industries.
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|Webinar: Renewable Energy Opportunities in Peru -- Environmental Technologies, Renewable Energy Eq.|
|Pre-Register for this event|
For the past decade, Peru has led South America as the country with the highest average annual growth in GDP (6.4%) and lowest inflation (2.9%). Much of the country's growth has been a result of an expansion in energy-intensive mining, which has caused Peru's energy demand to increase substantially. As a result, Peru has the fourth highest energy demand of any Latin American country, a challenge that is focusing new investment – both international and domestic – on the development of stable, domestically-produced, renewable energy resources.
To promote renewable energy development, Peru now offers several policy incentives, including priority dispatch for renewable electricity, accelerated depreciation of up to 20 percent for investments in machinery or equipment that support renewable energy deployment, and technology-specific auctions. The country also features a 5 percent clean energy generation target and a biofuel blending mandate of 7.8 percent. Peru's Ministry of Energy and Mines (MEM) is currently considering a new target, as it is charged with updating the national renewable energy target every five years.
Date: August 7, 2014
Time: 1 pm EDT
Registration deadline: August 4, 2014
|Nyamusi Igambi, Kansas City|
|Ricardo Pelaez, Lima|
Senior Commercial Officer
Phone: (51 1) 618-2442
|Ryan Mulholland, Energy/Environment|
International Trade Specialist