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Cubico completes purchase of two wind farms in Uruguay

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Cubico completes purchase of two wind farms in Uruguay | Windpower Monthly

The investment firm said in a statement it had purchased the 52MW Carapé I and 43MW Carapé II projects in Maldonado, southern Uruguay, as well as a 26MW solar project in the north of the country, from renewable energy investment firm Brookfield.

Both Carapé I and II use Vestas V112-3.0MW turbines and came online in 2015.

The mean Cubico now owns renewable energy assetw with an installed capacity of more than 320MW in Uruguay.

Cubico owns 1.08GW of installed wind capacity worldwide according to Windpower Intelligence, the data and research division of Windpower Monthly.

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Decades of government support for the development of wind energy has resulted in lower costs and a rapidly growing share of electricity generated by wind turbines. Wind in 2019 accounted for 7.3 percent of electrical generation, surpassing for the first time hydropower at 7.0 percent. 

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