Energía Renovable La Joya S.A.

February 5, 2026

FinDev Canada commits USD 56 million to Energía Renovable La Joya S.A. (Enhol Energía) to strengthen renewable energy and economic growth in Peru

Press Release

Canada’s bilateral development finance institution, FinDev Canada, announces a USD 56 million loan to Energía Renovable La Joya S.A. The commitment will support the development, construction, and operation of Project Illa, a 396 MW solar photovoltaic (PV) power plant in Arequipa, Peru. This will be the largest solar PV power plant in the country.

Summary of Anticipated Development Impacts

MARKET DEVELOPMENT

Expanding domestic electricity generation: By increasing Peru’s power generation capacity by 2.5%, La Joya will help meet rising electricity demand, which is projected to grow from 55 TWh in 2024 to 75 TWh by 2030. The transaction will support the country’s low‑carbon growth trajectory while also delivering economic benefits through an average of 500 construction jobs and 10 long‑term operations and maintenance positions

CLIMATE AND NATURE ACTION

Contributing to Peru’s low carbon transition

The transaction supports Peru’s 2030 Development Strategy to increase sustainable energy provision and its goal of achieving net‑zero emissions by 2050

CLIMATE AND NATURE ACTION

Contributing to Peru’s low carbon transition: By expanding the country’s low‑carbon energy supply, the transaction supports Peru’s 2030 Development Strategy to increase sustainable energy provision and its goal of achieving net‑zero emissions by 2050. La Joya will generate over 890k MWh of clean electricity annually and avoid more than 300k tCO2 e per year.