Saeta Yield to buy wind farms in Uruguay

Spanish renewable energy developer Saeta Yield SA, has announced the acquisition of the Carape I and II wind farms in Uruguay that have a combined capacity of 95 MW.

Saeta Yield has signed an agreement for the purchase of the plants from Corporacion America SA, an Argentine diversified holding company, and Grupo San Jose for about US$65 million in cash.

The two wind parks are located in Uruguay’s Maldonado Department. They comprise a total of 31 Vestas V112 3.075 MW wind turbines. Administracion Nacional de Usinas y Trasmisiones Eléctricas (UTE) is purchasing the power generated via a PPA with a contract duration of 20 years.

Saeta Yield invests in energy infrastructure assets that expect to generate highly stable and predictable cash flows backed by regulated and contracted income. The company’s assets consist of 21 projects throughout Spain, generating revenues in Euros and comprising 789 MW of renewable energy generation installed capacity. Such assets consist of 16 wind farms with a total capacity of 539 MW and five solar thermal plants with a total capacity of 250 MW.