Sept. 29 (Bloomberg) — Uruguay’s state-run power company
will build a 70-megawatt wind park along with Gamesa Corp.
Tecnologica SA, Spain’s biggest wind turbine maker, and
investment fund manager Republica Administradora de Fondos de
“Wind farms in Uruguayan territory have the highest
standards of equipment and this guarantees the objective of
lowering the cost of demand through the use of complementary
renewable energy,” said Cesar Briozzo, vice president of
Uruguayan utility Usinas & Transmisiones Electricas. He
commented in a statement on the government’s website on Sept.
The Arias project, in the Uruguayan state of Flores, needs
a total investment of $170 million, and 70 percent will be
financed by multilateral agencies in 18-year loans, the
government said in the statement.
About 60 percent of Uruguay’s installed power capacity is
hydroelectric, according to the Inter-American Development Bank.
The wind park will be generating energy in 2016.
The Uruguayan utility known as UTE didn’t immediately
respond to an e-mail seeking comment.
To contact the reporter on this story:
Vanessa Dezem in Sao Paulo at
To contact the editors responsible for this story:
Reed Landberg at
Robin Saponar, Steven Frank