Uruguay’s Power Utility Seeks $64 Million for Wind Farms
This article is for subscribers only.
Uruguay’s state-run electric utility UTE is preparing two wind-energy projects that together may raise at least $64 million in equity on the local capital market, according to chairman Gonzalo Casaravilla.
The Colonia Arias and Valentines wind farms require as much as $300 million of financing, including both debt and equity, Casarvilla said in an interview Friday from UTE’s headquarters in Montevideo. Exactly how those funds will be split hasn’t been decided yet, he said.