Energy firm Celepsa and renewable energy developer Zelestra have finalised a long-term power purchase agreement (PPA) for the construction of a 238 megawatts defined conditions (MWdc) solar power facility in Peru.

The new development adds to Zelestra’s expanding Peruvian portfolio, which now totals more than 530MWdc.

The deal ensures a steady supply of green energy for Celepsa’s operations in the country, contributing to its sustainability initiatives.

The agreement will see Celepsa receiving 450 gigawatt hours (GWh) of renewable electricity each year.

Alongside the upcoming San Martín project, Zelestra’s footprint in Peru continues to grow.

Zelestra Latam CEO José Luis García stated: “This agreement reflects our firm commitment to work strategically with our customers to offer tailor-made solutions, as well as our commitment to the Peruvian market.

“We are proud to contribute to the reduction of carbon emissions in the country and to promote continued socio-economic development through the delivery of new projects and the creation of new jobs.”

Zelestra has identified Peru as a crucial market for its expansion and remains committed to aiding the country’s transition towards a more sustainable energy landscape.

For Celepsa, which is also progressing with its renewable projects, the agreement marks a key milestone in its ongoing sustainable development strategy.

Celepsa general manager Eduardo Rivas stated: “This agreement reinforces our commitment to the energy transition and is a strategic step that allows us to build a diversified renewable portfolio for our customers.

“In addition to the purchase of solar energy, the contract includes I-REC certificates, guaranteeing the renewable origin of the energy.”

In April 2025, Zelestra signed a firm and dispatchable renewal energy contract with SJVN to develop a 500 MW hybrid project in Solapur, Maharashtra, India.