IADB Approves $125 Million in Loans for Clean Energy in Uruguay

(Bloomberg) — The Inter-American Development Bank approved
$125 million in financing for renewable-energy projects in
Uruguay.

The funds are part of a $250 million credit line the
Washington-based lender is providing to promote investment
projects, IADB said in a statement on its website yesterday.

The $125 million will support investments through Uruguay’s
Bank of the Republic. It may finance as much as 120 megawatts of
wind projects and 2 megawatts of small solar plants.

To contact the reporter on this story:
Vanessa Dezem in Sao Paulo at
vdezem@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Will Wade, Carlos Caminada

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