Uruguay wind farm gets financing from Deutsche Bank

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Uruguay wind farm gets financing from Deutsche Bank

Vientos de Pastorale SA, a special purpose vehicle owned by German wind developer Sowitec, is planning to build a 52.8-MW wind farm in Flores department (Uruguay) with financing from Deutsche Bank AG, El Pais reported last week.

Local law firm Ferrere Abogados advised Vientos de Pastorale to secure a credit line from Deutsche Bank for construction and operation of the Pastorale wind farm.

The park will comprise 50 turbines weighing between 330 and 350 tonnes. The plant will be able to supply nearly 75,000 people, saving greenhouse gas emissions equivalent to 118,500 tonnes of carbon dioxide (CO2) a year.

According to sources, Uruguay has currently 500 MW of installed wind capacity within its interconnected system, the country is planning to add 300 MW by the end of 2015 and 400 MW in 2016.

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