Loan to boost Uruguayan wind capacity

Uruguay‘s Carape I and 11 wind farms have been granted a private sector loan to facilitate construction.

The Inter-American Development Bank (IDB) has granted the wind farms, which will total 90 MW on completion. The site is located at Sierra de Carape, north of the city of San Carlos, Maldonado.

Wind farm
The bank loan, which includes $88.4m from its ordinary capital and $44.2m from the China Co-financing Fund for Latin America and the Caribbean, will partially finance construction of the facilities.

Vengano and Fingano, special purpose companies owned by Corporacion America and Contreras Hermano and Constructora San Jose, are the developers of the project, which will supply output to state enterprise UTE.

The project calls for the construction of 31 Vestas wind turbines, a 150kV, 39.6km transmission line, substations, civil works, access roads, and other infrastructure need to transmit power to UTE, according to Energy Business Review.

The project will have enough to power over 158,000 people and reduce CO2 emissions by an average of 259,000 tons annually.

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