Peru:

Peru to Unveil Plans for Renewable Power Auction (Bloomberg)

(Courtesy CIA.gov)

Peru’s government is set to announce plans for a renewable-energy auction during a global climate conference to be held next month in Lima.

The auction will be held in the first half of next year and will allow bids for solar, wind, biomass and geothermal energy projects, said Pedro Gamio, energy coordinator for the United Nations-organized climate talks.

The country is seeking to double its renewable-energy capacity and reduce its use of fossil fuels. Renewable energy produces about 2.7 percent of the country’s power, according to Gamio. The government has set a goal of 5 percent.

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