Gamesa secures Chinese financing for Uruguay project

URUGUAY: Gamesa has secured financing from a Chinese bank to supply turbines to the 50MW Talas de Maciel II wind project in Uruguay.

Gamesa will manufacture the 2MW turbines in China
Gamesa will manufacture the 2MW turbines in China

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The China Minsheng Banking Corp has granted Gamesa a loan to manufacture the turbines. They will be used at the 50MW site being developed in Uruguay by Spanish company Abengoa.

The manufacturer will supply 25 turbines to the project, which is expected to be brought online by the end of this year.

Under the finance deal's local content clauses, the turbines for the project in south-west Uruguay will be made in Tianjin, north-west China.

In an interview with Windpower Monthly earlier this year, Uruguayan national director of energy Ramón Méndez said the country has no plans to build a domestic wind industry, leaving the road open for manufacturers to import components.

Méndez said the capacity that Uruguay can install is too small. "We try to generate a productive integration primarily with Brazil, to try producing wind turbines that may have Uruguayan components," Méndez added.

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