Published: 10 January 2020 10 January 2020
Watson Farley & Williams (WFW) advised DIF Capital Partners on its acquisition of the 50MW Cerro Grande wind farm in Uruguay from Enercon and eab New Energy. DIF purchased Cerro Grande through its new DIF Infrastructure V fund.
This is DIF’s first renewable energy project in South America, following the recent opening of its new office in Santiago, Chile. Located in the eastern Uruguayan province of Sierra de los Ríos, Cerro Grande has been operational since January 2018. It compromises 22 turbines and benefits from a 20-year power purchase agreement with UTE, Uruguay’s state-owned utility. Enercon will continue to maintain Cerro Grande, with SEG Heliotec remaining responsible for its asset management.