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Uruguay Agrees to Buy 9.8 Megawatts of Solar Power for 30 Years

Uruguay’s state-owned power company agreed to buy power from two solar farms with a total of 9.8 megawatts of capacity in the country’s western state of Paysandu.

Usinas & Transmisiones Electricas, also known as UTE, signed 30-year deals with Raditon SA and Sky Energy, according to a statement on its website yesterday. One project has 8 megawatts of capacity and the other has 1.8 megawatts.

“These projects aim to promote a new industrial sector in the country,” Minister of Industry, Energy and Mining Roberto Kreimerman said in the statement. About 60 percent of Uruguay’s installed capacity comes from hydroelectric plants, according to the Inter-American Development Bank.

Sky Solar announced last week plans to build a panel assembly plant in Paysandu, according to the local newspaper El Pais. It will be able to produce 50 megawatts of solar panels a year.

To contact the reporter on this story: Vanessa Dezem in Sao Paulo at vdezem@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Will Wade, Tina Davis

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