IADB Approves $125 Million in Loans for Clean Energy in UruguayVanessa Dezem
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.