Solar Steel Secures Over 30% Market Share in Peru as Its Global Expansion Accelerates
Tech

Solar Steel Secures Over 30% Market Share in Peru as Its Global Expansion Accelerates

Solar Steel has reached a significant growth milestone in Peru, accounting for more than 30% of the country’s solar-tracker industry. CEO Christopher Atassi Morales confirmed the achievement during the Future Energy Summit (FES) in Peru. He stated that Peru has now become the company’s third-largest global market, indicating over a decade of consistent effort in the region.

The corporation started a presence in Peru in 2012. Its initial involvement was through key solar projects like Tacna and Panamericana, which helped introduce large-scale trackers to the country. Solar Steel supplied 40 MW at the time, which was considered impressive given the solar sector’s initial phase.

Since then, the company has maintained solid ties with local clients, gaining experience to help it handle operational challenges in logistics, transportation, and coordination. Solar Steel now plans to achieve 1,000 MW of total supply in Peru by 2025. The CSF Illa solar complex, which includes over 6,800 single-axis trackers and supports over 740,000 high-power modules, will account for a significant portion of this growth.

Atassi Morales emphasised that energy storage is becoming a critical component of Peru’s renewable transition. He stated that a stable regulatory framework will be crucial for maintaining investor trust.