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Peru

PetroTal increases production by 15% in Q2 2025 and strengthens liquidity

PetroTal Corp. records production growth in the second quarter of 2025, improves its cash position and continues replacing key equipment at its main oil sites in Peru.

Arctech Brazil obtains FINAME certification and accelerates its regional expansion

Arctech Brazil has received FINAME certification from the National Bank for Economic and Social Development, making financing more accessible for its solar trackers and consolidating its role in the Latin American solar market.

Argentina and Peru strengthen cooperation in civil nuclear sector

Argentina and Peru have signed an agreement expanding their scientific and technological cooperation in the civil nuclear field, including joint research projects and specialised training programmes for future development.
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Sale of wind farm in Peru: ACCIONA Energía receives 253 million USD

ACCIONA Energía transfers the San Juan de Marcona wind farm to Luz del Sur S.A.A., a major player in Peru's energy sector, for up to USD 253 million, pending necessary regulatory approvals.

Arbitration: Enagás Secures USD 302 Million from Peru After Upward Revision

ICSID increases compensation owed to Enagás to USD 302 million in dispute over Peru’s cancellation of a major gas pipeline project.

Zelestra secures PPA with Celepsa for 238 MW solar project in Peru

Zelestra and Celepsa have signed a long-term power purchase agreement in Peru, enabling the development of a 238 MWdc solar plant to supply 450 GWh annually to Celepsa’s operations.
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South America will add 160 GW of solar capacity by 2034

South America is set to add 160 GW of solar photovoltaic capacity between 2025 and 2034, driven by energy diversification, growing electricity demand, and favourable system economics. Emerging markets complement this growth despite challenges related to infrastructure and transmission costs.

Saúl Luciano Lliuya’s lawsuit against RWE opens in Germany

On March 17 and 19, Saúl Luciano Lliuya, a Peruvian farmer, will face energy group RWE in court before the regional court in Hamm, in a climate responsibility case related to the melting of Andean glaciers.

PetroTal acquires Block 131 in Peru to diversify its production

PetroTal finalizes the purchase of Block 131, including all assets of CEPSA Peruana. This strategic acquisition aims to strengthen the company's production and reserves in Peru.
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The Ecuadorian government takes over management of the OCP pipeline for six months

Ecuador has transferred management of the OCP pipeline to the state for an interim period of six months following the expiration of the contract with OCP Ecuador. A new tender will soon be launched to determine its future operation.

Ecopetrol: A Record Budget of 28 Trillion Pesos for 2025

The Colombian group Ecopetrol announces a historic investment for 2025, aiming to strengthen oil production, accelerate the energy transition, and improve infrastructure while pursuing its sustainability goals.

Japan increases coal imports to meet energy demand

Facing growing energy demand due to a record-breaking summer, Japan reports a surge in coal imports, exploring new suppliers to secure its electricity needs.
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Enel reports a profit of 5.9 billion euros despite falling energy prices

The Italian energy giant Enel announces a 38% increase in net profit over nine months, reaching 5.9 billion euros, despite a context of falling electricity prices.

Zelestra inaugurates a $200 million solar park to support Colombia’s energy transition.

The Spanish company Zelestra opens a 144 MW solar park in Colombia, marking a significant milestone in its Latin American strategy and contributing to the country's decarbonation objectives.

Five emerging countries dominate the voluntary carbon credits market

Colombia, Kenya, Cambodia, Mexico and Peru are the leaders in the voluntary carbon credit market, thanks to regulatory advances and investor-friendly policies.
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Aramco strengthens its LNG strategy with investments in South America

Saudi Aramco is stepping up its diversification strategy by increasing its stake in liquefied natural gas (LNG), notably through MidOcean Energy and Peru LNG. This initiative responds to the growing demand for LNG, while at the same time being part of a sustainable energy transition.

Petroperu: Financial challenges and government support crucial for the future

Petroperu, the state-owned oil company, is going through a major financial crisis, requiring urgent government support. With an alarming debt and management challenges, its future depends on effective reforms and political stability to guarantee Peru's energy security.
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Cepsa sells its liquefied gas division to Empresas Copec for 275 million euros

Cepsa announces the sale of its liquefied gas division in Spain and Portugal to Empresas Copec for 275 million euros, continuing its strategy of refocusing on low-carbon energies.
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SK Innovation invests in underwater carbon storage in Australia

SK Innovation takes a 20% stake in the G-15-AP project in Australia, marking a shift towards decarbonization and diversification of its energy activities.

Brazil, Chile and Argentina: Drivers of wind power growth in Latin America

Latin America will see its onshore wind capacity double to 79 GW over the next ten years, with Brazil, Chile and Argentina accounting for 81% of this regional growth, according to Wood Mackenzie.
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