Uruguay Wind Project to Get $42 Million Inter-American Loan

Oct. 20 (Bloomberg) — Cobra Ingenieria Uruguay SA will
receive a loan for as much as $42.2 million from the Inter-American Development Bank to finance a wind project in the
southern part of that nation.

The Kiyu wind farm will have a capacity of 48.6 megawatts,
the bank said in an Oct. 16 statement on its website. Vestas
Wind Systems A/S turbines for the project are scheduled to be
delivered in the first quarter, the company said Oct. 1.

Uruguay currently gets about 45 percent of its power from
hydroelectric facilities. Renewable energy is forecast to
account for 30 percent of Uruguay’s installed power capacity by
2017, the bank said.

To contact the reporter on this story:
Vanessa Dezem in Sao Paulo at

To contact the editors responsible for this story:
Reed Landberg at
Tina Davis, Will Wade

About BloombergNEF

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
Sign up for our free monthly newsletter →

Want to learn how we help our clients put it all together? Contact us