Sowitec plans US$80mn-90mn investment in wind projects

Tuesday, July 20, 2010

German renewable energy firm Sowitec plans to invest US$80mn-90mn to develop wind power generation projects in Uruguay, a company spokesman told BNamericas.

The firm submitted bids for two wind farm projects as part of state power company UTE's tender for 150MW of new wind capacity.

The projects will boast 42MW each and are planned for the departments of Flores and Lavalleja subject to UTE's approval.

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"We are waiting for the results of the tender so that we can move on with the construction of the projects," the spokesman said, adding construction is expected to take 20-30 months.

The state company received 22 bids last week from 15 firms; each wind farm will range in capacity from 30-50MW. Tender results are due out in coming months.

The bidding process is part of UTE's drive to add 300MW of wind capacity by 2015, when the company expects 50% of its capacity to come from renewables.

Sowitec aims to develop wind projects across Latin America, with offices in Argentina, Mexico, Brazil, Uruguay, Peru and Chile. A 102MW project planned for northern Chile recently secured environmental approval.