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
vdezem@bloomberg.net

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

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
 
Sign up for our free weekly newsletter →

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