Dec. 5 (Bloomberg) — Abengoa SA, a Spanish developer,
secured $90.1 million in project financing for its second wind
farm in Uruguay.
The loan for the 50-megawatt Talas de Maciel plant in the
Flores region will be provided by development lender Corp.
Andina de Fomento and Norwegian bank DNB ASA, Abengoa said in a
statement today. It has allowed the company to repay a $60
million bridge loan for the project early. No more details were
available.
Abengoa, based in Seville, Spain, said it completed the
facility two months ahead of schedule and will start selling its
power on Dec. 15. The company opened its first wind farm in
Uruguay in May and is planning a 70-megawatt plant, all 20-year
concessions. Nine wind farms now operate in the country,
according to data compiled Bloomberg New Energy Finance.
Abengoa’s works also include power lines, water plants and
solar projects.
To contact the reporter on this story:
Marc Roca in London at
mroca6@bloomberg.net
To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Ana Monteiro, Randall Hackley