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Abengoa to develop 70 MW wind farm in Uruguay

Spain’s Abengoa is to build and operate a 70 MW wind farm in Uruguay, with work expected to start early next year and commissioning within 14 month.

Abengoa is providing $6m of the total project financing of $165m, reports Europa Press.

The Spanish renewable energy developer will be responsible for the development, engineering and construction.

It will also operate and maintain the wind farm for a period of 20 years under a novel leasing agreement with UTE, whereby the state utility pays a monthly fee.

According to Europa Press, this will generate $500m in revenues for Abengoa over the agreement period.

Abengoa is also close to completing the construction of its 50 MW Peralta wind farm in Tacuarembo department and expects to begin building a 50 MW farm near Cerro Colorado, Flores department, soon.

Twenty-year power purchase agreements with UTE have been secured for these two projects.

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