KUALA LUMPUR (Sept 24): Yinson Renewables, a subsidiary of Yinson Holdings Bhd (KL:YINSON), recently saw the full operational launch of its 97MWp Matarani Solar Plant in Peru.

The plant, located near Arequipa, a city in Peru, commenced its power export and sales in July 2024, and now stands as the second-largest solar energy producer in the country.

The plant, completed ahead of schedule, is designed to generate 260GWh of renewable energy annually, powering around 62,000 households while reducing carbon emissions by over 56,000 tonnes annually.

Besides, it consists of nearly 150,000 solar panels spread over 750,000 sq m.

Meanwhile, a long-term Power Purchase Agreement (PPA) is in place with Orygen, Peru’s leading renewable energy provider.

Yinson acquired the project from Grenergy Renewables in January this year.

Grenergy provided a full turnkey EPC contract for the construction of the project and is also providing operation and maintenance service for the first two years.

“The Matarani Solar Plant is a significant milestone for Yinson Renewables, being our first in Peru and the region," said CEO of Yinson Renewables David Brunt in a statement.

“With this plant now fully operational, Yinson Renewables has created a strong foundation that will facilitate our continued expansion in the region,” he added.

In Peru, Yinson Renewables also owns the 130MWp Majes Project, with the first phase anticipated to be ready for construction by the end of 2024.

Matarani is Yinson Renewables' fourth large-scale project to achieve commercial operations, following the Rising Bhadla 1 and 2 plants and the Nokh Solar plant in India.