Statkraft Expands Peru Renewable Portfolio with 72 MW Wind Project
Event summary
- Statkraft begins construction on its first wind project in Peru, the 72 MW Emma wind farm in Piura.
- Project expected to produce 325 GWh annually with capacity factors above 50%.
- Emma complements Statkraft’s existing hydropower and growing solar portfolio in Peru.
- Construction prioritizes local employment and suppliers, aligning with sustainability standards.
The big picture
Statkraft’s Emma wind project marks its first foray into Peruvian wind power, reinforcing its strategy to diversify renewables in high-growth markets. The move aligns with broader industry trends toward hybrid energy portfolios, particularly in regions like South America where demand for clean, cost-efficient power is rising. With around 6,200 employees across 20 countries, Statkraft’s expansion underscores its ambition to scale renewable investments beyond Europe.
What we're watching
- Portfolio Diversification
- How Statkraft’s integration of wind, hydropower, and solar will impact its competitive positioning in Peru.
- Market Expansion
- Whether the Emma project can serve as a blueprint for similar investments in other South American markets.
- Regulatory Compliance
- The pace at which Peru advances policies supporting renewable energy diversification and local economic benefits.