Wind energy project in Uruguay seeks financing

Argentina-based Impsa’s Brazilian subsidiary Wind Power Energia applied for a $65 million loan from the Inter-American Developmental Bank (IDB) to finance a 65 MW wind project in Uruguay, according to Business News Americas.

Total investment in the El Libertador wind project is expected to reach $170 million, the article said. The project consists of one 50 MW and one 14.7 MW module.  Venti Energia and Innovent, both subsidiaries of Wind Power Energia, are managing the project through Central de Generacion Eolica Libertador, the article said.

Uruguay’s state power company UTE signed a power purchase agreement for the wind farms.

Read more Latin America wind news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...