Uruguay UTE secures USD 40m for wind project - report
Nov 17, 2014 - Uruguayan state-owned utility UTE will receive USD 40 million (EUR 32m) from local bank Banco de La Republica Oriental de Uruguay (BROU) to support its 67-MW Juan Pablo Terra wind project, Uruguayan daily El Pais reported today.
The project, worth a total USD 125 million, consists of 28 turbines that could produce 283 GWh a year, equivalent to the needs of 100,000 people in Uruguay. The facility has been installed in Artigas department, on land which UTE received from Uruguay's National Colonisation Institute.
The bank has recently agreed to provide a total USD 82 million for wind farms selected in its annual competition of investment projects.
In October, the government said that Juan Pablo Terra had already injected wind power to the grid and was close to commercial operation.
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