Uruguay’s State-Run Utility to Build 70-Megawatt Wind Project

Sept. 29 (Bloomberg) — Uruguay’s state-run power company
will build a 70-megawatt wind park along with Gamesa Corp.
Tecnologica SA, Spain’s biggest wind turbine maker, and
investment fund manager Republica Administradora de Fondos de
Inversion SA.

“Wind farms in Uruguayan territory have the highest
standards of equipment and this guarantees the objective of
lowering the cost of demand through the use of complementary
renewable energy,” said Cesar Briozzo, vice president of
Uruguayan utility Usinas & Transmisiones Electricas. He
commented in a statement on the government’s website on Sept.
24.

The Arias project, in the Uruguayan state of Flores, needs
a total investment of $170 million, and 70 percent will be
financed by multilateral agencies in 18-year loans, the
government said in the statement.

About 60 percent of Uruguay’s installed power capacity is
hydroelectric, according to the Inter-American Development Bank.
The wind park will be generating energy in 2016.

The Uruguayan utility known as UTE didn’t immediately
respond to an e-mail seeking comment.

To contact the reporter on this story:
Vanessa Dezem in Sao Paulo at
vdezem@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Robin Saponar, Steven Frank

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
 
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us