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Developers to Expand in Peru After 2015 Renewable Power Auction

ContourGlobal LLC, the biggest operator of wind power in Peru, is planning to double its investment in the country, expanding the list of developers seeking to expand in one of Latin America’s fastest-growing markets for renewable energy.

CountourGlobal invested $250 million in two wind farms in Peru that have a combined capacity of 114 megawatts and were completed in August. The New York-based company may spend another $250 million through 2017 on more wind projects and small hydroelectric plants, according to Alessandra Marinheiro, chief executive officer for Latin America.