INTIEAPeru · Legislative Decree 1002 on investment promotion for generation of electricity using renewable energy of PeruPolicyIn force

Legislative Decree 1002 on investment promotion for generation of electricity using renewable energy of Peru

Law 1002 of 2008 identifies the development of electricity from renewable enrgy sources as a public necessity of national interest , and designates the Ministry of Mines and Energy to be responsible for the design of the national renewable energy policy. In so doing, the…

Last changed 9 years ago.

Extracted view for reading · Original for compliance evidence

Lifecycle

  1. Effective
  2. Last change

Country / jurisdiction: Peru · Year: 2008 · Status: In force · Level: National · Type: Voluntary

Law 1002 of 2008 identifies the development of electricity from renewable enrgy sources as a public necessity of national interest , and designates the Ministry of Mines and Energy to be responsible for the design of the national renewable energy policy. In so doing, the Ministry is to establish a National Renewable Energy Development Plan to be funded by the Annual Budget Law, external debt operations, direct investments and contributions allocated by international institutions.

In addition, the Ministry will design Renewable Energy Deployment Plans every five years and set up generation targets for electricity from renewable sources.

Target:

The 2008-2013 plan targets that 5% of the total power demand will come from renewable sources by 2013 , excluding hydro plants over 20 MW.

Grid access:

The legislation provides renewable electricity producers c onnected to the grid with a guaranteed distribution and transmission priority access , and a steady price over a twenty-year period. To sell all or part of their electricity production, individual producers will interact on the short-term market and sell it at market price. They will then receive a premium fixed on a project-by-project basis by the Superior Organism of Energy and Mines Investment (ODSINERGMIN).

Official source: http://intranet2.minem.gob.pe/web/archivos/dge/publicaciones/compendio/DLEG-1002-2008.pdf

Source

https://www.iea.org/policies/4947

Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.

Related in International

INTEnergy Newsoilprice:oilprice-article-44778NewsIn force

The $7 Trillion AI Boom Is Turning Into The Energy Trade of the Century

You might think that Shark Tank’s “Mr. Wonderful,” Kevin O’Leary, is betting it all on AI, but he is not. He is betting on the $5+ trillion in infrastructure required to run it, and that’s where big capital is flowing now. And he’s betting on Bitzero (NASDAQ: AIBZ) to be one of the first to break AI’s biggest chokepoint: power. Bitzero was looking further ahead while most of the rest of the market was narrowly focused on AI software and semiconductors. As a result, on May 5th, Bitzero…

12 hours ago
INTEnergy Newsoilprice:oilprice-article-44774NewsIn force

One of Texas' Oldest Oil Plays Is Running Dry

The Eagle Ford shale play has shown remarkably consistent crude oil production and rising natural gas output in recent years. A formation beneath the Eagle Ford has been producing for nearly a century, but now it has its remaining resources nearly exhausted. The Buda Limestone formation, which lies beneath the Eagle Ford Group, has limited remaining oil and gas resources, the latest analysis by the U.S. Geological Survey (USGC) showed this week. Technically recoverable resources at Buda Limestone are estimated at 184 billion cubic feet of gas and…

12 hours ago
INTEnergy Newsoilprice:oilprice-article-44771NewsIn force

China Is Quietly Winning the Clean Energy Trade War

China’s clean energy dominance is growing. Buoyed by the skyrocketing energy needs and future projected demands of the artificial intelligence boom, clean energy projects are getting greenlit at a breakneck pace. And those projects depend on cheap Chinese clean energy components, as Beijing has near-total control of global supply chains for clean energy tech including solar panels and lithium-ion batteries for electric vehicles as well as energy storage systems. As a result, Chinese clean energy exports are going gangbusters in virtually…

14 hours ago
INTEnergy Newsoilprice:oilprice-article-44760NewsIn force

NASA Eyes Moon Base Powered by Solar Panels and Nuclear Reactors

With major plans for space travel, several governments are proposing lunar energy production, including solar and nuclear projects. In May, NASA announced plans to send robotic landers, hopping drones, and vehicles to the moon as part of the United States government’s plans to develop a lunar base. NASA is expected to develop the machines alongside Intuitive Machines, Astrobotic, Blue Origin, and Elon Musk’s SpaceX. The United States aims to land its astronauts back on the moon before President Donald Trump leaves office in 2029, 60…

16 hours ago
INTEnergy Newsoilprice:oilprice-article-44767NewsIn force

The AI Power Crisis Is Creating a Massive New Market for Fuel Cells

Data center developers are scrambling for reliable power, turning away from congested grids and toward on-site fuel cells. Rystad Energy research and analysis projects a tenfold increase in fuel cell market revenues by 2030, rising from around $2.8 billion in 2025 to roughly $30 billion, as AI computing demand drives unprecedented growth in data center construction. A contracted order book of approximately 9 gigawatts (GW), including framework agreements with Oracle, AEP, Equinix, and Brookfield, points to growing confidence among major operators…

20 hours ago