Uruguay granted $42m for wind energy

A wind project in Uruguay has been granted a $42.2 million (£26m) loan by the Inter-American Development Bank (IDB). The Kiyu wind farm, which will be located in Paraje Barrancas de San Gregorio, will generate around 187,900MWh of renewable energy every year – meeting the needs of more than 67,700 homes. The cash will help […]

IDB backs 65MW solar energy project in Uruguay

A solar energy project in Uruguay has been granted a $65.9 million (£39m) by the Inter-American Development Bank (IDB). It will fund the construction, operation and maintenance of the 64.8MW La Jacinta solar farm, located in the northwest city of Salto. The project is expected to generate around 96GWh of electricity a year and help […]

$50m energy efficiency fund for Latin America

Companies in Latin America and the Caribbean looking to invest in renewable and energy efficiency projects can apply for loans, thanks to a $50 million (£32.8m) fund. The Inter-American Development Bank (IDB) provided the cash for the Energy Efficiency Finance Facility, which supports firms with small-scale loans for projects that will cut energy costs and […]