New developments in Eolic energy
March, 2016 - Uruguay
Guyer & Regules has helped wind farm owner Rouar obtain US$54 million in project financing from the Development Bank of Latin America (CAF).
Rouar is a joint venture between Uruguay’s state-run utilities company, UTE, and Brazilian counterpart Eletrobras. Guyer & Regules also advised UTE for the deal. The joint venture owns the 64-megawatt Rozendo Mendoza wind farm in Tarariras, southern Uruguay.
Uruguay has prioritised renewable energy development in recent years. The financing was disbursed in the same month the government revealed that renewables now account for 95 per cent of its electricity sources.
