Sep 5 (Renewables Now) - Spain's Solaria Energia y Medio Ambiente has completed a 9.5-MW photovoltaic (PV) plant in Uruguay, the company said in a statement today.
Named Natelu SA, the PV plant is located in Mercedes town, Soriano department. Financing for the project amounts to USD 12.2 million (EUR 10.2m), agreed last year with the Inter-American Investment Corporation (IIC), an arm of the Inter-American Development Bank (IDB) Group, and the Canadian Climate Fund for the Private Sector in the Americas (C2F).
The PV plant's annual generation is estimated at 17.4 GWh. It should be able to offset some 9,451 tonnes of carbon dioxide (CO2) emissions per year, as well as help to reduce the dependence of the Uruguayan electric sector on hydropower.
In addition to Natelu, Solaria also has in operation the Yarnel SA PV facility. Together, they bring have an installed capacity of 19 MW.
(USD 1 = EUR 0.840)