IDB loans Impsa and Abengoa $107m for Uruguayan wind
The Inter-American Development Bank (IDB) will make loans totalling $107m to help Impsa and Abengoa build wind farms in Uruguay.
The IDB will put $66m behind the El Libertador project in the Uruguayan department of Lavalleja. The 65MW wind farm is being developed by WPE, a subsidiary of Argentina’s Impsa, which will deploy 44 of its own turbines.
Spain’s Abengoa will get $41m to help finance construction of the 50MW Palmatir wind farm in Tacuarembó, which will use 25 Gamesa machines.
The IDB says the projects are the first in Uruguay that it will support under state utility UTE’s renewable energy programme.
The country wants to reduce its heavy dependence on hydropower and fossil-fuel generation, with the former regularly hobbled by low water availability during the dry season.
Wind and biomass currently account for about 7% of Uruguay’s 2.6GW of generation capacity, says the IDB.