Abengoa, a Spanish energy company, has received a loan of $90.1m for a 50MW wind farm in Uruguay.
Corporación Andina de Fomento and DNB Group are providing the loan for the Talas de Maciel wind facility in Flores Department, Uruguay.
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The institutions have allowed the energy company to repay a $60m bridge loan for the project early.
Abengoa’s subsidiary Cadonal completed the facility two months ahead of schedule.
Talas de Maciel wind facility is currently undergoing tests.
The national electricity company UTE (Administración Nacional de Usinas y Trasmisiones Eléctricas) will purchase the power produced from the project.
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By GlobalDataThe power generated will be delivered to the national power grid through a substation at the site that is linked to the Cerro Colorado substation, which in turn will be connected to the Trinidad station via a 150 kV high voltage line.
The generated power will cater to the requirements of about 74,000 inhabitants every year and cut down greenhouse gas emissions by 118,500 tons of CO2 equivalent.
Abengoa, which started its operations in Uruguay in 1980, has developed several projects for UTE.
The firm opened its first wind farm in Uruguay in May 2014 and is also planning a 70MW facility.
Abengoa’s projects in Uruguay include the extension and remodeling of the drinking water plant in Aguas Corrientes and the Montevideo to San Carlos transmission line.
