Uruguay and World Bank announce oil hedging plan

Uruguay has announced the completion of an oil hedging programme. It has been implemented with the help of the World Bank and it aims to protect the country’s oil sector from changes in prices. It covers around half of Uruguay’s total annual oil imports for the next 12 months and will help moderate the impact of […]

Vestas wins 50MW wind farm order in Uruguay

Vestas has been awarded a contract to deliver 50MW of turbines for a wind project in Uruguay. The Danish company will be responsible for the supply, installation and commissioning of 15 blades with a capacity of 3.3MW each. The Florida II project is an extension of Florida I and is expected to have a capacity […]

New 70MW wind farm in Uruguay

Uruguay is getting a new wind farm with a capacity of 70MW. Spanish manufacturer Gamesa has won an order from Uruguay’s state utility (UTE) to supply and install 35 turbines with a capacity of 2MW each. The Valentines wind farm, located in south Uruguay, will also be operated and maintained by Gamesa for 15 years. It is expected […]

Uruguay seeks $70m for wind farms

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 […]

Sebastien Buemi wins “nerve-wracking” Uruguay ePrix

Swiss racer Sebastien Buemi bagged his first win after a “nerve-wracking” third round of Formula E in Uruguay on Sunday. The e.dams Renault driver took the podium in front of a sell-out crowd of 10,000 fans in Punta del Este. China Racing’s Nelson Piquet Jr came second place on the circuit which took in Uruguay’s beaches. Buemi said: “It’s been […]

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 […]

Uruguayan energy deal with Brazil has real bite

It’s a new South American deal to get your teeth into, Uruguay will import 500MW of electricity from Brazil. Dr Ramon Mendez, Uruguay’s national energy director believes this could rise to 1000MW in the next 10 years. A 400km connection with Brazil will transfer the 500MW worth of excess power which Brazil doesn’t need. Dr […]