Uruguay's wind, infrastructure projects can boost capital market - report

Uruguay's wind and infrastructure projects represent a key opportunity to develop a dynamic capital market through debt and share offerings, lawyer Marcos Paysse from Guyer & Regules said at a wind energy forum on Monday, quoted by Uruguayan daily El Pais.

The transactions should be designed to allow for investments by pension funds and could also attract retail investors, contributing to the market activity, Paysse said, speaking at a regional congress in Montevideo.

In March, Uruguay's state-run utility UTE, or Administracion Nacional de Usinas y Trasmisiones Electricas, placed participation certificates among institutional and retail investors for USD 62 million (EUR 55.1m) and USD 15 million, respectively, to partly finance the 142-MW Pampa wind project. In the near future, the investors will have the opportunity to participate in the Colonia Arias and Valentines wind projects, each of 70 MW.

Paysse believes the scheme could be used by private developers too, with well structured projects and risk mitigation.

(USD 1 = EUR 0.889)

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