URUGUAY: IADB grants over $US40 million to Spanish group

Thu Dec 6 2012, 20:28 PM

The Inter-American Development Bank (IADB) has awarded a $US41.7 million finance package to Spanish engineering and renewables group Abengoa for its 50MW Palmatir wind project in the Tacuarembó area of Uruguay.

Abengoa has already started building the plant, which, when complete, will host 25 G85-2.0MW turbines from fellow Spanish group Gamesa.

State utility UTE awarded the project a PPA in June 2011.