Uruguay - New Energy Events

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
IDB Invest strengthens Uruguay’s national power system with renewable energy production
September 14, 2021
IDB Invest, a member of the IDB Group, has provided a $67 million financial package for Tealov S.R.L (Tealov), a Uruguayan special purpose company (SPV) sponsored by Invenergy Renewables Global LLC (Invenergy) to develop the Cardal Transmission Project in Uruguay. The financial package includes a $11.5 million loan and a $55.5 million B-bond, acquired in […]
A new energy sector emerges in the LAC region
July 2, 2021
A growing number of countries in Latin America and the Caribbean are gearing up to produce clean hydrogen, driven by their abundant renewable energy resources, the need to decarbonize their economies, and the huge potential for hydrogen exports. Just how far along is the region’s nascent hydrogen sector? A new Hydrogen Economy Index found a […]
Uruguay tops Latin American transition to environment friendly energy sources
May 8, 2021
Uruguay continues to be Latin America’s leading country regarding energy transition towards renewable sources, according to an index released jointly this week by the World Economic Forum and the Accenture consultancy firm. Source