Zelestra Plans to Invest $1 Billion in Renewable Energy in Peru

Spain’s Zelestra is planning to significantly increase its investment in renewable energy generation in Peru over the next five years, partly thanks to a new legal framework.

The company is planning investments of more than $1 billion, with a view of increasing its renewable output in the Andean nation to about 1 gigawatt. Spending would boost solar capacity and may include an incursion into wind.