During the week of April 7, 2025, Engineer Eduardo Bernardotti (BAES partner based in the Argentina office) and Renzo Durand (BAES manager for the Lima office) visited various relevant actors and clients in the electricity market in Peru.

Given the new Sector Law No. 32249 of December 2024, which modifies Law No. 28832 in order to guarantee a reliable and secure supply, as well as promote the efficiency and diversification of the electricity matrix, various face-to-face meetings were held with the main actors in the sector to exchange opinions and expectations on the probable evolution and investment opportunities.

The results of interviews with renewable energy generation project developers, lending entities, investment funds, and relevant associations revealed a great potential for investment in the sector once the complementary regulations to the aforementioned Law are approved, and a clear outlook is available for investors.

The recent draft regulations for supply contracts for regulated users, necessary to implement this new Law, have already been issued for comment by stakeholders, which shows that the necessary steps are being taken to allow new auction processes to take place in Peru by mid-year.

At BAES, we will be collaborating with the different actors in the sector in the coming months to support them in the viability of new projects through market and regulatory analysis based on this new regulation.