This week on Energy Unplugged, Jose Munoz, Market Lead for Spanish-speaking South America at Aurora Energy Research, and Melissa Carreño, Product Manager for Peru and Colombia, are joined by César Butrón, Chairman of the Board of COES, Peru's national system operator.

For two decades, Peru has benefited from some of the cheapest electricity in Latin America, supported by abundant low-cost gas from Camisea. But the conditions that shaped that success are beginning to change.

Demand is rising, cheap gas can no longer be taken for granted, and investors are struggling to finance new renewable projects despite strong resources and significant interest in the market. At the same time, policymakers face difficult decisions around gas infrastructure, battery storage, transmission expansion, and system reliability.

Drawing on decades of experience at the centre of Peru's power sector, César explains why the country is not facing a shortage of electricity, but a potential shortage of affordable electricity, and what that means for Peru's next phase of development.

Peru's challenge is no longer keeping the lights on. It's deciding what will power them next.

Main topics include:

• Is Peru heading towards a shortage of cheap energy?

• Why renewable projects are struggling to secure financing

• The future of Camisea gas and Peru's energy security

• What batteries, transmission and market reform will need to deliver

This week on Energy Unplugged, Jose Munoz, Market Lead for Spanish-speaking South America at Aurora Energy Research, and Melissa Carreño, Product Manager for Peru and Colombia, are joined by César Butrón, Chairman of the Board of COES, Peru's national system operator.

For two decades, Peru has benefited from some of the cheapest electricity in Latin America, supported by abundant low-cost gas from Camisea. But the conditions that shaped that success are beginning to change.

Demand is rising, cheap gas can no longer be taken for granted, and investors are struggling to finance new renewable projects despite strong resources and significant interest in the market. At the same time, policymakers face difficult decisions around gas infrastructure, battery storage, transmission expansion, and system reliability.

Drawing on decades of experience at the centre of Peru's power sector, César explains why the country is not facing a shortage of electricity, but a potential shortage of affordable electricity, and what that means for Peru's next phase of development.

Peru's challenge is no longer keeping the lights on. It's deciding what will power them next.

Main topics include:

• Is Peru heading towards a shortage of cheap energy?

• Why renewable projects are struggling to secure financing

• The future of Camisea gas and Peru's energy security

• What batteries, transmission and market reform will need to deliver

This week on Energy Unplugged, Richard Howard, Global Research Director at Aurora Energy Research, is joined by Michael Tobin CBE, one of the pioneers of the European data centre industry, former CEO of TelecityGroup and Non-Executive Director at Five Nines Group, alongside Sebastian Murphy, Director of Development & Innovation at Five Nines Group, to explore what it really takes to deliver data centre projects in Europe.

Driven by AI, cloud computing and digitalisation, data centres are becoming one of the fastest-growing sources of electricity demand worldwide. But as power constraints, permitting challenges and supply chain bottlenecks intensify, can Europe remain competitive in the global race to build the infrastructure that will underpin the next generation of AI?

Michael and Sebastian pull back the curtain on the realities of delivering data centres at scale, from securing scarce grid connections and navigating planning hurdles to managing supply chains, construction risk and ever-tightening sustainability requirements. They discuss why Europe's established data centre hubs are running out of room to grow, how regional markets are emerging as the next frontier for investment, and why access to power has become the industry's defining challenge.

The episode also examines the shift towards AI inference facilities, the rise of behind-the-meter power solutions, and whether Europe has the regulatory framework needed to compete with the US and China. Along the way, the guests share firsthand insights from the front line of data centre development and make the case for what needs to change if Europe is to remain a serious player in the global AI race.

You will learn:

• Why power has become the industry's most valuable commodity.

• How AI is reshaping Europe's data centre map.

• What's really holding back data centre development.

• What Europe needs to do to stay in the global AI race.