The Inter-American Development Bank (IDB) approved a private sector loan for up to US$ 132.6 million to partially finance the construction of the Carapé I and II wind farms in Uruguay.
The IDB financing includes US$ 88.4 million from the bank’s ordinary capital and US$ 44.2 million from the China Co-financing Fund for Latin America and the Caribbean, which was established by the Chinese government to co-finance IDB projects in the region. The project will be built in the Sierra de Carapé, north of the city of San Carlos in the department of Maldonado. It will consist of a 90MW wind farm divided into two subprojects, Carapé I and Carapé II, of 50MW and 40MW, respectively. Works will include the installation of 31 Vestas wind turbines, construction of a 150-kV transmission line of 39.6 km, substations, civil works, access roads, and other infrastructure needed to transmit power to the grid operated by the state enterprise UTE.
