Published on July 2nd, 2015 | by Smiti0
Gamesa Wins 70 MW Wind Energy Order In Uruguay
July 2nd, 2015 by Smiti
Gamesa has won a fresh order to implement a wind energy project in Uruguay, which will help the company to increase its footprint in the country.
A subsidiary of Uruguay’s state utility UTE has placed an order with Gamesa to construct and maintain a 70 MW wind energy project. Gamesa will supply 35 G114-2.0 MW turbines for the Valentines wind energy project, owned by Areaflin.
Gamesa will install and commission the wind turbines, handle civil works and electrical installations at the project. The project is expected to be commissioned by the third quarter of 2016. Gamesa will also operate and maintain the project of 15 years.
Last month, the Valentines wind energy project secured debt funding from the Inter-American Development Bank. The bank allocated $72 million for the project. The project also received funding worth $36 million from the China Co-financing Fund for Latin America and the Caribbean. Similar debt funding was also announced for another 70 MW wind energy project, the Colonia Arias wind farm.
When commissioned, the two projects will generate a cumulative 615 GWh worth of electricity, offsetting over 366,000 tonnes of CO2e emissions. The electricity will be sold to a government entity through a long-term power purchase agreement.
Gamesa has so far installed 150 MW of wind energy capacity in Uruguay and has another 170 MW capacity under development, including the Valentines wind energy project. The wind energy sector in Uruguay is expected to undergo significant growth this year and is expected to have an installed wind energy capacity of 1.6 GW by 2016.