Renewvia closes sale of 26-MW solar project in Uruguay
US solar developer Renewvia Energy said on Tuesday it has completed the sale of a 26-MW solar project in Uruguay and announced it was developing commercial solar micro grid facilities in Kenya and Saipan.
The company did not give more information about the micro grid projects.
As per the above-mentioned sale, the 26-MW Alto Cielo project in the Tomas Gomensoro locality of Uruguay’s Artigas Department is now owned by SunEdison (NYSE:SUNE), which acquired it from the interim owner Solarpack. The project has a US dollar-denominated, 28-year power purchase agreement (PPA) with state-owned utility UTE.
Renewvia secured the PPA and the various state, utility and environmental licences and permissions for the scheme after winning 60 MW of solar capacity in direct current (DC) through a 200-MW UTE solar decree in 2013. It continues to hold an interest in the remainder of the 60-MW award, it said.