Uruguay offers green hydrogen plan
annually by 2040, mostly thanks to exports. It is also a possibility for Uruguay to achieve a deep decarbonisation of its economic climate, after prospering in
Jun 16, 2022 // Solar to Fuel, South america, Uruguay, green hydrogen
Uruguay: Clean Energy Hub with Green Hydrogen Projects
Uruguay is taking advantage of its renewable energy infrastructure to become a regional leader in the green hydrogen industry. Investors are currently developing or evaluating seven green hydrogen projects in the country, including a $4 billion synthetic gasoline plant. The South American country has already invested over $8 billion in renewable power infrastructure in the 2010s, allowing it to generate almost all of its power from renewable sources. Along with green hydrogen, data centers planned by tech companies and cryptocurrency miners are also providing renewable energy developers with an opportunity to attract large investments. As Uruguay continues to develop its infrastructure, it stands to benefit from both green hydrogen and renewable power and become a leader in the renewable energy sector. What Investment Opportunities Does Uruguay's Renewable Energy Infrastructure Offer? Uruguay is well-positioned to take advantage of the growing demand for green hydrogen, with the development of at least seven green hydrogen projects in the country. Uruguay's renewable power infrastructure, which has seen over $8 billion in investments in the past decade, has allowed it to generate nearly all of its electricity from renewable sources. The country's renewable energy infrastructure has also attracted interest from tech companies and cryptocurrency miners, who are looking to establish data centers. The rapidly-growing renewable energy industry in Uruguay also presents investors with the opportunity to capitalize on green hydrogen and renewable power. The country is well-poised to become a regional leader in renewable energy as it continues to invest in and develop its renewable energy infrastructure.
Aug 3, 2023 // Markets & Finance News, South america, Uruguay
Uruguay eyes 20GW of renewables for green hydrogen push
coming generally from the export of hydrogen as well as green fuels. By 2025, Uruguay aims to reach 200-500MW of renewables for hydrogen production, with the
Jun 21, 2022 // Large-Scale, Commercial, Markets & Finance News, South america, Uruguay, green hydrogen, renewables, electrolysers, renewables export, green hydrogen strategy
Uruguay on the lookout for developers of 65MWp solar project
Uruguay is poised for a significant PV boost after plans emerged of a new utility-scale project, which has already secured key construction components. State-owned power firm UTE recently published a call for a third-party to develop a 65MWp project in Punta del Tigre, a one-hour coastal drive northwest of capital Montevideo. Firms will have until 25 October to file applications for a contract that will see them take care of preliminary studies, actual installation, commissioning and plant running once it goes live. Contacted by PV Tech, Uruguay’s Energy Ministry explained the project in the San José department has already secured solar panels, declining however to identify the supplier. The installation is estimated to cost US$35 million – a sum which excludes the 65MWp PV panel order – and should be up and running by March 2021, a ministry spokesperson explained. The project will receive its earmarked solar panels between January and March next year and will be linked to Uruguay’s grid via a 150kV substation, UTE documents show. Utility-scale boost for the solar sponsors in Antarctic The Ministry spokesperson billed the 65MWp solar project in Punta del Tigre as one of the largest seen to date in Uruguay, a country believed to host 248MW in installed PV capacity last year. Among its predecessors is La Jacinta, a similarly-sized PV venture – 50MWac / 64MWp – that was described as Uruguay’s first utility-scale solar project when it was completed in early 2016. The utility-scale forerunner in the Salto department, in northwest Uruguay, was sold by Fotowatio Renewable Ventures to Invenergy in May 2017. Government records place the powering-up of yet another 50MWac project, El Naranjal in the Salto department, just four months later. The Latin American state, home last year to 1.5GW in wind power installations, drew industry attention in recent years with its decision to power its Antarctic base with a 100kW solar array.
Oct 1, 2019 // Plants, Large-Scale, Commercial, Grids, pv power plants, utility-scale PV, South america, Uruguay, UTE
Uruguay launches 65 MW solar tender
Uruguayan power utility the National Administration of Electric Power Plants and Transmissions (UTE) has launched a tender for a 65 MW solar park. The UTE said it plans to procure 65 MW of solar modules in the first quarter of the new year. The tender includes construction, operation and maintenance of the plant, the Uruguayan government said in a statement. The project work will amount to preparing studies, engineering development and the supply, installation, testing and commissioning of the plant. The tender does not call for construction of the 150 kV substation required or the supply of PV panels, the government added. Companies interested in participating must submit bids by October 25. The Uruguayan solar industry has been in the doldrums since the establishment of solar parks under a 200 MW capacity development program that was launched by the government in 2013. The story so far Two of those facilities were developed by Spanish company Solaria Energía y Medio Ambiente: the 9.5 MW generation capacity Natelu plant S.A. and the same-sized Yarnel plant. A further 75 MW was added through the El Naranjal and Del Litoral plants in the department of Salto, in northern Uruguay, which are owned by Atlas Renewable Energy, a unit of British private investment firm Actis. The government program also drove construction of the 65 MW La Jacinta solar plant, which Invenergy acquired from Spain’s Fotowatio in March 2017 and which has been in operation since October 2015. In an exclusive interview with pv magazine, Uruguayan Minister of Energy Guillermo Moncecchi spoke about the future of solar energy in the country and recognized the potential of PV thanks to the steep fall in prices the technology has witnessed in recent years. At the time, the minister said new solar auctions would be held next year. Uruguay, which supports rooftop PV through net metering, already sources almost 98% of its electricity from renewables. According to the latest statistics published by the International Renewable Energy Agency, the nation had an installed PV generation capacity of around 248 MW at the end of last year.
Oct 1, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, tender, South america, Uruguay, Actis, UTE, large scale PV
Members to Increase Cross-border Affiliations as Shares of Renewables Grow: IRENA
Enhancing Dialogue over Shares of Renewable Energy". The meeting, promoted by Uruguay, brought federal governments, local organisations, public organisations,
May 17, 2021 // Markets & Finance News, IRENA, Renewable Energy, Francesco La Camera, climate goals 2050, World Energy Transitions Outlook
Atlas sells 550GWh of solar to Engie Energía in Chile
and operating renewables in Latin America. It claims to have 800MW of solar in Uruguay, Chile, Brazil and Mexico and a contracted pipeline of 1400MW. In
Aug 16, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, PPA, Chile, PV plant, Brazil, Mexico, Atlas Renewable Energy, Engie Energía, Sol del Desierto, Uruguay
Akuo, Atlantica close Chilean solar funding
unit. Martin Bocage, Akuo Country Manager for Chile, Argentina and also Uruguay, said: "Akuo is a committed stakeholder to Chile's energy change and we stick
May 4, 2023 // Markets & Finance News, Chile, South america, akuo, Atlantica, Martin Bocage, Antonio Merino
Spain’s OHL to build utility-scale PV in Chile for Austrian developer
installed 650MW of renewables over the past eight years across the US, Mexico, Uruguay, Spain, Italy and Jordan. Nearly half of OHL’s EPC work pipeline to
Sep 13, 2019 // Plants, Large-Scale, Commercial, Chile, utility-scale PV, South america, ohl, clean capital energy, cce
Invenergy bags US$ 3bn investment from Blackstone
a portfolio of solar PV plants in markets such as the United States, Canada, Uruguay and also Japan. The business is presently developing what it states will be
Jan 10, 2022 // Markets & Finance News, Invenergy, CDPQ, blackstone, Blackstone Infrastructure Partners
Atlas Renewable Energy Issues Largest Solar PV Bond in Latin America
plan was seen in Atlas Renewable Energy's refinancing of its 2 solar plants in Uruguay in 2018, structured by DNB Markets as well as for which the firm was granted
Mar 4, 2020 // Markets & Finance News, Latin america, Atlas Renewable Energy, Carlos Barrera, International, Atlas Solar Bond, Solar Bond
Google bets on cheap solar via ‘biggest’ clean energy buy to date
resulting 5.4GW portfolio could power entire countries such as Lithuania or Uruguay, Pichai added. Even before this week’s major procurement effort,
Sep 20, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, Amazon, Chile, solar pv, South america, Europe, North America, Facebook, Google, Denmark, corporate ppa, Sundar Pichai
Sungrow Gets To Milestone for Sending Out 5 GW in Latin America
development in markets such as Brazil, Chile, Mexico, Argentina and also Uruguay, Sungrow is the leader in market share in the photovoltaic industry in Latin
Oct 21, 2021 // Markets & Finance News, Inverters, Sungrow, South america, inverter, Ada Li, Intersolar, International
Solar Powers To Leading Position In New Electricity Installations
plans in one third of all countries, varying from Australia to India, and Uruguay to Namibia, along with in the United States. In total amount a record 118GW of
Sep 2, 2020 // Market Research, USA, India, Australia, Asia, Oceania, BloombergNEF, North America, Luiza Demôro, Ethan Zindler
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