Uruguay Plans 200 Megawatts of the World’s Cheapest Solar Energy
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Uruguay will offer contracts next month to buy power from 200 megawatts of solar farms at the world’s cheapest rates as the South American nation seeks to add low-cost generation.
President Jose Mujica plans to sign a decree in two weeks that will require Uruguay’s national power utility Administracion Nacional de Usinas y Transmisiones Electricas to purchase electricity from the projects at a set rate of about $90 a megawatt hour, Ramon Mendez, director of energy at the Ministry of Industry, Energy and Mining, said today in a telephone interview.