Spanish firm Fotowatio Renewable Ventures has completed Uruguay’s first large-scale PV project, the 64MW La Jacinta plant.
The project, located in the north of the country, will operate under a power purchase agreement with Uruguay’s state-owned utility, UTE.
The PPA for La Jacinta was the first of its kind to be agreed in Uruguay for a utility solar plant. The project forms part of a government tender held in 2013 to procure 200MW of PV.
Funding for the project came via a US$81.9 million loan from the Inter-American Development Bank.
Rafael Benjumea, CEO of FRV, said: “The key to the success of this project lies in the close collaboration maintained with the UTE, the Ministry of Energy and other regional and local authorities throughout the various phases of the project. We would also like to thank the Inter-American Development Bank and DNB for their ongoing support and helping make Uruguay home for one of the largest solar PV projects in Latin America.”
FRV was acquired last year by conglomerate Abdul Latif Jameel Energy and Environmental Services along with its international PV project pipeline, which the company claimed stood at 3.8GW.