The government of Uruguay has opened a tender to purchase 200MW of solar PV.
Open until 2 July, the government said the first day has been a success with three tenders already received, totalling 182MW, and expecting to reach the 200MW goal by the end of today.
Developers will benefit from a 25-year power purchase agreement with Uruguay’s state-owned electricity utility firm UTE.
The government estimates total investment required for these projects will amount to US$400 million.
In March the government inaugurated the country’s first solar power plant. Owned by Uruguay’s energy regulator Dirección Nacional de Energia (DNE), the 481kWp installation was financed by the Japanese government.