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Abengoa SA To Develop New 70 MW Wind Farm In Uruguay-DJ

Monday, 23 Sep 2013 02:50am EDT 

Dow Jones reported that Abengoa SA has been selected to construct and operate a new 70 megawatt (MW) wind farm in Palomas, in the Salto region of Uruguay. The project, worth USD 165 million, will enable renewable energy to be supplied to approximately 100,000 people, preventing atmospheric emissions of around 140,000 carbon dioxide (CO(2) ) every year. Abengoa SA is expected to contribute USD 6 million in equity to the project. The Company will be responsible for the development, engineering and construction of the plant, as well as its subsequent operation and maintenance for a 20 year period. An operational leasing agreement, under which the Uruguayan state electricity company, UTE, will make a monthly payment, will generate revenues of USD 500 million by the end of the maintenance period. Construction on the project is scheduled to start in early 2014, with an approximate duration of 14 months, according to the deadlines in the award process. The wind farm will have 35 two-megawatt wind turbines that will generate enough energy to supply the whole of the region of Salto. 

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