Invenergy Closes Purchase Agreement for the La Jacinta Solar Farm in Uruguay
Invenergy LLC announced on 14th March 2017 that it has purchased the La Jacinta Solar Farm in Uruguay from Fotowatio Renewable Ventures (FRV).
“We’re very pleased to close on the La Jacinta Solar Farm as it advances and strengthens Invenergy’s commitment to Latin America, and particularly to Uruguay,” said Matthew Olive, Invenergy’s Vice President of development and Origination International Markets. “Uruguay is a global leader in renewables, with more than 90 percent of their electricity generated by renewable energy. We are excited to add to our presence in Uruguay, as we also expect to initiate commercial operations in the coming weeks of Invenergy’s nearby 70MW Campo Palomas Wind Farm.”
La Jacinta has an installed capacity of 64MW of power from 216,000 solar panels manufactured by BYD. The facility began operation in October of 2015 and supports approximately eight full-time jobs.
La Jacinta generates on average more than one million U.S. dollars annually in the form of taxes and leasing payments for the local community.
Image: La Jacinta Solar Power Project