Fotowatio Renewable Ventures (FRV), a leading global utility-scale solar developer, has signed an agreement with Invenergy, a privately-held company that develops, owns and operates utility-scale renewable energy projects and storage facilities, for the sale of the 65 MWdc La Jacinta solar plant in Uruguay, one of the largest photovoltaic (PV) projects in Latin America.
Rafael Benjumea, CEO of FRV, said: “La Jacinta is a milestone in the development of renewable energy in Latin America. Its success reinforces our credentials, and puts FRV in a favorable position to keep developing sustainable energy projects in the country and the wider Latin American region”.
Matthew Olive, Invenergy’s Vice President of Development and Origination for International Markets, said: “Uruguay is a global leader in renewables, with over 90 percent of their electricity generation coming from renewable energy. We are excited to expand on our presence in the country, and in the coming weeks we also expect to begin commercial operations of Invenergy’s 70 MWdc Campo Palomas wind farm.”