Spanish engineering company Abengoa has won a contract to build and operate a new 70MW wind farm in Uruguay.
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To be constructed in Palomas, in the Salto Department, the $165m project will feature 35 two megawatt wind turbines that will generate enough energy to be supplied to approximately 100,000 people, preventing atmospheric emissions of around 140,000 tonnes CO2 per annum.
Under the terms of the contract, Abengoa will be responsible for the development, engineering and construction of the plant, as well as its subsequent operation and maintenance for a 20-year period. Abengoa is expected to contribute $6m in equity to the project.
An operational leasing agreement, under which the Uruguayan state electricity company (UTE) will make a monthly payment, will generate revenues of $500m by the end of the maintenance period.
Construction of the wind farm is anticipated to commence in early 2014 and will take 14 months to complete.
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By GlobalDataAbengoa said it now has two 50MW wind farms that it has been secured in Uruguay.
The first, in Peralta in the Tacuarembó Department, is in the final stage of construction, while works at the second site, in Cerro Colorado in the Flores Department, are about to commence. Both projects have signed 20-year power purchase agreements with the UTE.
Abengoa said the latest contract will expand its presence in Uruguay, where it has been working since 1980 and has developed several projects.
Some of the projects include the extension and remodelling of the drinking water plant in Aguas Corrientes and the frequency converter stations in the cities of Rivera and Melo.
