Uruguayan projects receive $108m in loans from IDB

URUGUAY: The Inter-American Development Bank (IDB) has approved two loans totalling $108 million to finance the construction of two wind farms in Uruguay.

by Steven Mather 7 December 2012

The El Libertador wind farm will be developed by Impsa subsidiary WPE. The project will receive a $66 million loan from the IDB for the project's construction and for the installation of 44 Vensys Impsa wind turbines.

The Palmatir wind farm will be developed by Spanish developer Abengoa in Tacuarembó. Palmatir will get a $41.7 million loan for the construction and installation of 25 Gamesa turbines.

The combined power generation capacity of the projects will be 115MW and they are expected to avoid the emission of about 302,000 metric tons of carbon dioxide a year.

Uruguay has 2.6GW of power generation capacity. Around 7% of this comes from biomass and wind energy combined.