Uruguay Wind Developer Near Deal to Export Energy to Argentina
- Uruguay has surplus of cheap power from hydro and wind plants
- Argentina facing electricity shortage and high prices
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Ventus Ingenieria SRL, a Uruguayan wind-farm developer, is close to receiving a permit to export electricity to Argentina amid an excess of power generation in its home market.
Uruguay’s government is considering a temporary permit to accelerate the deal while the government works through the standard regulatory procedures, according to Francis Raquet, a director at Ventus. The Montevideo-based company closed a deal in April to sell power to Argentina’s San Atanasio Energia SA.