KfW Ipex-Bank and Helaba Landesbank finance 117.5 MW Peralta wind project
German-based KfW Ipex-Bank and Helaba Landesbak Hessen-Thuringen have committed a financing package of US$160.3 million for the development of the 117.5 MW Peralta wind project in Uruguay.
The loan will be paid out in three tranches and is covered in part by a federal export credit guarantee (Hermes cover).
The Peralta wind farm is located in the municipality of Cuchilla de Peralta in the department of Tacuarembó in central Uruguay. The new farm consists of 50 Enercon E-92 wind turbines featuring a hub height of 108 metres, a rotor diameter of 92 metres and an output of 2350 kW per turbine. The farm's total capacity of 117.5 MW and projected 300 GWh/pa are enough to supply around 150,000 typical Uruguayan households with green energy.
Turbine manufacturer Enercon is involved in the Peralta project as investor, turbine supplier, construction and operation partner. It will also provide long-term servicing for the turbines for more than 15 years.
The generated power is sold to the national energy supplier Administración Nacional de Usinas y Trasmisiones Eléctricas (UTE), which concluded a power purchase agreement for a period of 20 years
Markus Scheer, member of the Management Board of KfW IPEX-Bank, commebnted:
"GGerman and European wind technology is in demand internationally. This is a great opportunity ‒ both for manufacturers and the environment. As a bank, we do our part in helping ideas and projects take concrete shape."
The South American country has set ambitious goals for itself. It intends to generate as much as 38% of total domestic electricity production from wind energy by 2017; in mid-2015 this figure was only 13%.
Country news
-
-
May 13, 2016
Mitsui O.S.K. Lines signs FSRU project in Montevideo
Mitsui O.S.K. Lines, Ltd (MOL) has announced that Lakler S.A., 100% subsidiary of MOL has officially agreed to conclude a charter contract with Gas Sayago, a joint venture between Uruguay's state oil company ANCAP and state power company UTE, for floating storage and regasification unit (FSRU) project in Montevideo, Uruguay, led by Gas Sayago. Read more -
May 04, 2016
SunEdison's TerraForm Global acquires solar farm in Uruguay
TerraForm Global, a globally diversified owner of clean power generation assets in attractive, high-growth emerging markets controlled by SunEdison, has recently announced that it has competed an acquisition of the 26 MW Alto Cielo solar farm in Uruguay from the Spanish developer Solarpack. Read more -
April 08, 2016
Invenergy purchases from Abengoa and Closes Financing on Campo Palomas Wind Farm
Abengoa has reached an agreement with a subsidiary of Invenergy Wind LLC (Invenergy) for the sale of the 70 MW Campo Palomas wind farm, located in Salto, Uruguay. Read more -
March 28, 2016
Financial Close reached for Vientos de Pastorale wind farm in Uruguay
SOWITEC has recently announced the financial close of 53 MW Vientos de Pastorale wind farm. The project belongs to Bow Power, a joint venture between ACS and GIP who has 90% of the shares, and SOWITEC who controls the remaining 10%. Read more -
February 03, 2016
Statoil acquires interest in exploration block in Uruguay
Statoil Uruguay B.V. has agreed with Total E&P Uruguay B.V. to acquire 15% working interest in offshore exploration block 14 in Uruguay. Read more
