The Uruguayan government along with Astidey SA has inaugurated the Talas de Maciel I onshore wind farm, located 150 km north west of Montevideo, near Trinidad.
The 50 MW wind farm was developed by Astidey S.A and is owned by Spain’s Abengoa. It is composed of 25 Gamesa G97 wind turbines. The scheme forms part of an initiative by the Uruguayan government to reduce the country’s dependence on imported oil to produce electricity.
The project has a 20-year power purchase agreement (PPA) with the national electricity company “Administración Nacional de Usinas y Trasmisiones Eléctricas” (UTE) for 100 % of the generated power.
The total project investment is estimated at US$117 million. Project financing was provided by Banco Bilbao Vizcaya Argentaria Uruguay S.A., Corporación Andina de Fomento (CAF), DNB, and The Export-Import Bank of the United States (Ex-Im Bank)
In late June we reported that Talas de Maciel II wind farm had reached financial closure. The 50MW wind farm includes 25 turbines made in Gamesa’s Tianjin factory in China.