• 5 minutes Covid-19 logarithmic growth
  • 8 minutes Why Trump Is Right to Re-Open the Economy
  • 12 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 14 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 4 hours Washington doctor removed from his post, over covid
  • 5 mins TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 4 hours Which producers will shut in first?
  • 26 mins Real Death Toll In CCP Virus May Be 12X Official Toll
  • 3 hours Shale Legs
  • 21 mins WE have a suicidal player in the energy industry
  • 4 hours The Most Annoying Person You Have Encountered During Lockdown
  • 8 hours How to Create a Pandemic
  • 3 hours KSA taking Missiles from ?
  • 8 hours Trump eyes massive expulsion of suspected Chinese spies
  • 11 hours Did Trump start the oil price war?
  • 16 hours Eight Billion Dollars Wasted on Nuclear Storage Plant
John Daly

John Daly

Dr. John C.K. Daly is the chief analyst for Oilprice.com, Dr. Daly received his Ph.D. in 1986 from the School of Slavonic and East European…

More Info

Uruguay Seeks Investments in Wind Power - With Price Caps

The good news for potential investors in Uruguay is that two months ago Ministry of Industry, Energy and Mining Ramon Mendez, commented that by 2015 Uruguay could have $1.3 billion dollars of wind farms if developers provided less expensive electricity than that generated by conventional fuel powered plants.

Mednez added that Uruguay's state owned national power company Administracion Nacional de Usinas y Trasmisiones Electricas (National Administration of Power Plants and Electric Transmissions, or UTE) could purchase up to 600 megawatts of electricity from projects from companies that participated in an auction for new wind farms, four times more than expected if the price was right.

Diario El Pais newspaper reported that Mendez said, "The bids are amazing. I was quite surprised when I first saw them."

What price?

Now we know.

On 15 November UTE announced on its website that over the next 30 days interested companies can submit for projects totaling 450 megawatts of capacity to UTE.

If UTE attracts sufficient investor interest and achieves its 450 megawatt goal, then Uruguay will be on target to have roughly one gigawatt of electricity generated by wind power by 2015.  The target if reached, would fulfill nearly 30 percent of the nation's total generation capacity needs, which would represent the highest proportion of wind power electrical generation in the Western Hemisphere.

But, UTE added, it won't accept bids above $65 a…




Oilprice - The No. 1 Source for Oil & Energy News