Energy group Zelestra has entered into a long-term power purchase agreement (PPA) with Peruvian company Celepsa, a subsidiary of the UNACEM Group conglomerate, to secure electricity supply for its industrial operations. The agreement will allow the construction of a new solar project with a capacity of 238 megawatts direct current (MWdc), expected to generate approximately 450 gigawatt hours annually.
This development aligns with Zelestra’s expansion in Peru, where the company now holds a contracted portfolio exceeding 530 MWdc, including the San Martín solar project set to commence operations in the coming months. Zelestra, a global multi-technology renewable energy provider, continues to strengthen its footprint in the South American energy market.
A strategic partnership for both companies
For Celepsa, an energy producer and marketer headquartered in Lima, the agreement forms part of its strategy to diversify energy sources. The company will ensure clients receive certified renewable energy through the inclusion of International Renewable Energy Certificates (I-REC) in the contract with Zelestra.
Zelestra stated, through José Luis García, Chief Executive Officer of Zelestra Latam, that the partnership reflects a strong commitment to the Peruvian market and industrial cooperation. The project is expected not only to strengthen the country’s power supply but also generate local economic benefits through job creation associated with the construction and operation of the solar plant.
Strengthening a renewable energy portfolio
Eduardo Rivas, General Manager of Celepsa, said the initiative marks a milestone in the company’s renewable energy growth plan. Alongside this agreement, Celepsa is also developing its own portfolio of projects as part of a long-term drive to enhance energy autonomy.
The deal also enables Zelestra to reinforce its investments in what it considers a strategic market. The group is continuing its regional deployment across South America, focusing on high-value contracted projects to secure its business model. The contract stability provided by the PPA gives Zelestra improved visibility for future regional operations.
