Spain's Solaria signs financing for 19 MW of solar projects in Uruguay
The Inter-American Investment Corporation (IIC) signed two financing packages with Solaria Energía y Medio Ambiente S.A. for the construction, operation and maintenance of two 9.5MW solar photovoltaic energy plants in Uruguay. Financing included US$12.2 million and US$12.8 million for the Natelu and Yarnel wind farms, respectively.
The projects will jointly generate approximately 35.8 GWh of electricity annually from non-conventional renewable energy sources, displace about 19,500 tons of CO2 equivalent emissions per year and reduce the vulnerability of Uruguay’s electricity sector to hydrological conditions.
The Natelu wind farm includes an IIC senior loan of US$6.1. million plus a US$6.1 million co-loan from the Canadian Climate Fund for the Private Sector in the Americas (C2F), a US$250 million fund that co-finances climate-friendly private sector projects in the region. The Yarnel farm will receive US$6.4 million from IIC’s capital and $6.4 million from the C2F.
The loan offers an 18-year tenor to make the project viable and competitive.
Country news
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August 30, 2016
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. Read more -
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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
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March 28, 2016
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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
