Talas de Maciel I wind farm completed in Uruguay
The Uruguayan government along with Astidey SA has inaugurated the Talas de Maciel I onshore wind farm, located 150 km north west of Montevideo, near Trinidad.
The 50 MW wind farm was developed by Astidey S.A and is owned by Spain’s Abengoa. It is composed of 25 Gamesa G97 wind turbines. The scheme forms part of an initiative by the Uruguayan government to reduce the country’s dependence on imported oil to produce electricity.
The project has a 20-year power purchase agreement (PPA) with the national electricity company “Administración Nacional de Usinas y Trasmisiones Eléctricas” (UTE) for 100 % of the generated power.
The total project investment is estimated at US$117 million. Project financing was provided by Banco Bilbao Vizcaya Argentaria Uruguay S.A., Corporación Andina de Fomento (CAF), DNB, and The Export-Import Bank of the United States (Ex-Im Bank)
In late June we reported that Talas de Maciel II wind farm had reached financial closure. The 50MW wind farm includes 25 turbines made in Gamesa’s Tianjin factory in China.
Country news
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June 23, 2014
Abengoa - Gamesa secure Chinese financing for Uruguay wind farm
Spanish wind turbine maker Gamesa, through the Chinese Export Credit Agency, Sinosure, has reached an agreement with Chinese bank China Minsheng Banking Corp (CMBC) for the funding of the Talas de Maciel II wind farm being developed by Abengoa in Uruguay. Read more -
July 14, 2014
Ex-Im Bank finances wind turbines for Uruguay wind farm
The Export-Import Bank of the United States (Ex-Im Bank) is providing a US$64.5 million direct loan to Astidey S.A., in Montevideo, Uruguay, for the purchase of U.S.-manufactured wind-turbine generators being exported by Gamesa Technology Corporation. Read more -
July 25, 2014
Fotowatio Renewable Ventures signs financing for Uruguay wind farm
Fotowatio Renewable Ventures (FRV), a Spain-based energy developer, has achieved financial closure of the 65 MW Jacinta PV plant in Uruguay after the signing of an US$70 million deal. Read more -
September 25, 2014
Abengoa announces its first asset sale to Abengoa Yield
Abengoa has announced it has entered into a definitive agreement with Abengoa Yield, subject to the closing of financing, to sell three renewable facilities for a total amount of US$323 million. Read more -
October 21, 2014
IDB to finance wind project in Uruguay
The Inter-American Development Bank (IDB) has approved a loan of up to US$42.2 million to finance the development, construction, operation and maintenance of a 48.6 MW Kiyú wind farm in Uruguay. Read more
