In February, Peru had hoped to contract an installed capacity of 500 megawatts (MW), or 1.3 terawatt hours a year, but closed deals for just 249.4MW, or 887 gigawatt hours (GWh).

Biomass was a particular problem area — despite high expectations, as it was perceived to be cheaper than wind or solar. But just 27.4MW, or 143GWh, were sold, although 813GWh had been required.

Some