IADB Approves $125 Million in Loans for Clean Energy in Uruguay

The Inter-American Development Bank approved $125 million in financing for renewable-energy projects in Uruguay.

The funds are part of a $250 million credit line the Washington-based lender is providing to promote investment projects, IADB said in a statement on its website yesterday.

The $125 million will support investments through Uruguay’s Bank of the Republic. It may finance as much as 120 megawatts of wind projects and 2 megawatts of small solar plants.

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