Uruguay

Cubico acquires 121 MW in wind and solar projects in Uruguay

September 28, 2023

Cubico acquired 121 MW in wind and solar projects, maintaining its position as the largest individual private owner of renewable assets in Uruguay. Source: Energy Digital

Uruguay signs MoU with port of Rotterdam to explore green hydrogen opportunities

May 26, 2023

Uruguay signed an MoU with the port of Rotterdam to explore opportunities to cooperate on economic projects and social viability in terms of green hydrogen and its derivatives Source: GUB.uy

The IDB approves loans for a total of US$650 million to Uruguay and Argentina to aid in the low-carbon energy transition

December 8, 2022

The IDB has approved two lines of credit to Uruguay and Argentina, one of US$150 million, and another of US$500 million. The loans will be used to meet the goals of the low-carbon energy transitions in both countries. Source: PV Magazine LATAM

Nine green hydrogen projects compete for government funding of US$10 million in Uruguay

September 21, 2022

The Uruguayan government will distribute up to US$10 million to more than one green hydrogen project with the aim of promoting green hydrogen development in the country. So far nine projects remain in the running. Source: BloombergLinea

Cubico Sustainable Investments acquired two Uruguayan wind farms with a combined capacity of around 100 MW

July 27, 2022

Cubico Sustainable Investments acquired two on-shore wind farms in Uruguay with a combined capacity of more than 100 MW. Source: Renewables Now

Uruguay releases green hydrogen roadmap

June 15, 2022

Uruguay releases its long-term strategy for the production and export of green hydrogen and its derivatives. Source: GUB.uy

IDB Invest provides US$250 million in financing to Uruguay for improvements on railroad line that connects Montevideo and Paso de Los Toros

June 15, 2022

IDB Invest will provide US$250 million in financing for a PPP in Uruguay to improve the railroad line that connects Montevideo and Paso de Los Toros. IDB Invest will provide the funds through a “B” bond transaction, its largest such bond to date. Source: Latin Finance

Enertrag to build Tambor Green Hydrogen Hub in Uruguay

May 18, 2022

Enertrag will develop the Tambor Green Hydrogen Hub in Uruguay. The project will consist of wind and solar plants, an electrolyzer, and conversion facilities for the production of green hydrogen and other derivatives. Source: Renewables Now 

Uruguay releases bidding rules for green hydrogen grants

May 5, 2022

The National Research and Innovation Agency of Uruguay released the bidding rules to guide the competitive grant process for R&D projects to produce green hydrogen and its derivatives. The tender includes non-refundable financing support of US$10 million. Source: Renewables Now