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Abengoa secures $90.1m financing for Uruguay wind farm

CTBR Staff Writer Published 08 December 2014

Spanish energy firm Abengoa has secured $90.1m in project financing for a 50MW wind farm in Uruguay.


Corporación Andina de Fomento and DNB Group will provide the loan for the Talas de Maciel facility in Flores Department, Uruguay.

It has allowed the company to repay a $60m bridge loan for the project early.

Abengoa's subsidiary Cadonal completed the facility, which is undergoing tests, two months ahead of schedule.

The national electricity company UTE (Administración Nacional de Usinas y Trasmisiones Eléctricas) will buy the electricity generated from the project.

The wind farm's output will be delivered to the national power grid through a substation at the site that is connected to the Cerro Colorado substation, which in turn will be linked to the Trinidad station via a 150 kV high voltage line.

The generated power will meet the needs of about 74,000 inhabitants per year and reduce greenhouse gas emissions by 118,500 tons of CO2 equivalent.

Abengoa opened its first wind farm in Uruguay in May 2014 and is also planning a 70MW facility.

The company, which started its operations in Uruguay in 1980, has developed several projects for UTE.

Abengoa's projects in Uruguay include the extension and remodeling of the drinking water plant in Aguas Corrientes and the Montevideo to San Carlos transmission line.

Image: UTE will buy the electricity generated from the 50MW wind farm in Uruguay. Photo: Courtesy of dan/FreeDigitalPhotos.net.