Latest Issue
 
Windtech International November December 2024 issue

 

FOLLOW US AT

follow

 

follow

Sowitec1 newLessons Learnt and Future Opportunities

In August 2012 SOWITEC won the tender for Vientos de Pastorale (Pastorale), a Uruguayan wind farm in the southwest of the country (Figure 1) and was granted a 20-year power purchase agreement (PPA) at a price of US$ 63.5/MWh. On 23 February 2016 financial close was successfully reached on the debt and equity components for Pastorale. The close is the first in the country to be carried out with commercial lenders and on a non-recourse basis. It allows start of construction on time and commissioning before mid-2017. Lessons learnt in the areas of technology, standardisation of tender documentation and lending are presented below. Opportunities for the country’s wind power system are also addressed.

By Rosa Tarragó, Head of Structured Finance, SOWITEC, Germany

Login

 
Use of cookies

Windtech International wants to make your visit to our website as pleasant as possible. That is why we place cookies on your computer that remember your preferences. With anonymous information about your site use you also help us to improve the website. Of course we will ask for your permission first. Click Accept to use all functions of the Windtech International website.