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Malaysian Yinson Group officially launches facility in Arequipa department.
With the presence of the Minister of Energy and Mines of Peru, Rómulo Mucho, the Yinson Group, from Malaysia, carried out the official launch of the 97 MW Matarani solar plant, built and located in the Mollendo desert, Islay province, Arequipa department.
Matarani is located in the Mollendo Desert – one of the regions with the highest solar radiation in the world – and is the third largest renewable facility, including solar and wind, in Peru. It is expected to have an annual production capacity of 260 GWh.
Last September, the start of operations at Matarani was announced .
Yinson Renewables acquired the project from Grenergy Renewables in January 2024 , under a turnkey contract for the construction of the plant, for a value of US$91 million, including the fulfillment of milestones.
For the company, this is one of two projects it has in the country, along with the 130 MWp Majes project , the first phase of which is expected to be ready for construction by the end of 2024. Yinson Renewables, part of the Yinson Holding Berhad group, is the investment partner in this project, in which it acts together with Verano Energy. Yinson and Verano agreed in 2021 to develop a portfolio of more than 800 MW of photovoltaic energy in Chile, Colombia and Peru .
Yinson Renewables acquired the project from Grenergy Renewables in January 2024 , under a turnkey contract for the construction of the plant, for a value of US$91 million, including the fulfillment of milestones.
Matarani has a long-term power purchase agreement (PPA) with Orygen, Perus largest renewable energy generator, whose majority shareholder is global sustainable infrastructure investment fund Actis.
It is worth noting that the PPA mentioned was actually agreed by the previous owner of the project, the Spanish company Grenergy with Enel Generación Perú, an agreement made in September of last year involving a total of 2.7 TWh to be delivered over a period of 15 years .
In May of this year, it was announced that Actis had acquired Enel Generación Perús portfolio of 2.2 GW, of which 260 MW were photovoltaic, including agreements already made. |
