Trade mission to Peru to address biomass, biofuel opportunities
The U.S. Department of Commerce’s International Trade Administration is organizing a renewable energy and energy efficiency trade mission to Peru. Scheduled for November, the policy mission will promote the export competitiveness of U.S. renewable energy and energy efficiency technologies, including biomass, waste-to-energy, wind, solar, geothermal, hydropower, and smart grid.
According to a notice published in the Federal Register, Peru offers several renewable energy policy incentives, including priority dispatch for renewable electricity, accelerated depreciation of up to 20 percent for investments in machinery or equipment that support renewable energy deployment, and technology-specific auctions. A 5 percent clean energy target is currently in place, along with a 7.8 percent biofuel blending mandate.
In the Federal Register notice, the ITA said it expects export opportunities in all six renewable energy and energy efficiency subsectors, including biomass and renewable fuels. In particular, it is expected there will be export opportunities for companies capable of supplying equipment or services to support ethanol or waste-from-energy development.
According to the ITA, between 10 and 25 companies will be selected to participate in the trade mission. The opportunity is open to all companies already doing business in Peru and those seeking to enter the Peruvian market for the first time. The notice indicates recruitment for the mission will begin immediately and conclude Sept. 15. Applications received after that time will be considered only if space and scheduling permit.
During the trade mission, participants will receive market briefings, including an assessment of upcoming opportunities. They will also receive a market assessment report and be introduced to key government and regulatory officials. In addition, a networking reception is planned.
Additional information on the trade mission and application details are available on the Federal Register website.