The project, which will be developed by Vengano and Fingano, will get a $88.4m loan from IDB and the Chinese government will co-finance the rest.
It will be built in the Sierra de Carape and include two 40MW and 50MW sub-projects.
Works cover installation of 31 Vestas wind turbines, a 39.6km 150kV transmission line, substations, civil works, access roads, and other infrastructure to transmit power to UTE.
The goal of the project is to produce around 364,700MWh of energy per year. It will also help the country to curb the emission of 259,000 tons CO2 annually.
IDB project team leader Gian Franco Carassale said that the long-term financing approved by the IDB is key to the development of Carape I and II, which will contribute substantially to the success of the Uruguay project.
IDB Structured and Corporate Finance Department chief Jean-Marc Aboussouan said that the funding provided to Carape I and II will support the addition of 90MW of wind energy in the country and emphasizes the IDB’s strong commitment to supporting Uruguay’s efforts to develop non-traditional renewable energy.
