Uruguay has staged another heavily oversubscribed wind power share issue, as the sector continues to attract investor interest in the small South American nation where it accounts for more than 20% of electricity capacity.
State utility UTE held an IPO for shares in its 70MW Valentines project at the end of December, its third such listing for wind projects.
In the latest offering a total of $146m in shares were applied for, more than three times the $42m that UTE planned to raise from the issue.
