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.
The FSRU that will serve this project is currently under construction at Daewoo Shipbuilding & Marine Engineering Co., Ltd., in South Korea. It will be equipped with the largest LNG storage tank (263,000m3) of any FSRU in the world. After completion at the shipyard, it will travel to Uruguay to begin LNG receiving and regasifying operations.
FSRUs receive liquefied natural gas from LNG carriers, regasify it, and transmit it under high pressure to pipelines on land. Since the first practical application in 2005, FSRU projects have been introduced all over the world as an effective solution to developing LNG terminals in less time and at lower expense than conventional land-based terminals.
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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 -
December 23, 2015
Renewvia Completes Sale of 26 MW Utility Scale Inaugural Solar Project in Uruguay
Renewvia Energy, an Atlanta-based solar development firm, completed the last disposition contingency for a 26-megawatt (MW) solar project in Uruguay. Read more
