Uruguay is looking for a $70 million (£44.1m) investment to build two wind farms.
The Colonia Arias and Valentines projects cost $300 million (£189m) in total and will generate 70MW of electricity.
The Inter American Development Bank is investing $216 million (£136m) and Uruguay’s state run electric company, UTE, is providing $8 million (£5m).
The aim of the project is to reduce the costs of energy production.
UTE chairman Gonzalo Casaravilla said: “84% of electricity is produced by renewable energy including wind and hydropower. Even wind has overcome our water shortfall.”