Uruguay signs PV decree worth US$400 million

Share

According to a recent government statement, the photovoltaic energy generated will be sold to the national utility Administración Nacional de Usinas y Trasmisiones Eléctricas (UTE) under a 25 year power purchase agreement.

The rate has not been officially published yet. However, Bloomberg reported in February that the government has set a rate of $90/MWh. This is "probably the lowest price in the world" and "may not attract developers", said BNEF analyst Jenny Chase in the same report.

UTE will organize a series of tenders to allocate the 200 MW of photovoltaic energy. There will be three categories of projects, which will be classified according to size. The first category will include small installations up to 1 MW, the second, plants of up to 5 MW and third, photovoltaic parks between 30 and 50 MW in size.

It was not revealed how much time developers will have to submit their proposals.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.