The Inter-American Investment Corporation (IIC), IDB’s financing arm, approved the two 18-year loans for the 9.5MW Natelu and the 9.5MW Yarnel solar projects being built by the Spanish group.
Uruguay is one of South America’s smallest nations, but in the past years it has moved fast in implementing renewable power generation. With 900MW of wind and 85MW of solar PV in operation, the country has been able to totally switch off polluting, fossil-fuel generation plants in recent months.
Uruguay’s
