UTE, Uruguay’s state-owned power utility, has signed a 30-year power purchase agreement (PPA) with Fotowatio Renewable Ventures to buy electricity generated by solar photovoltaics (PV).
Local newspaper El Pais reports that the deal relates to the La Jacinta complex, which when completed will comprise 224,000 solar PV modules.
The project represents an investment of $100m.
La Jacinta is scheduled to enter commercial operation in early 2015 and will be connected to the UTE grid via a 150 kV overhead transmission line.
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