• 3 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 8 minutes Why Is America (Texas) Burning Millions of Dollars Per Day Of Natural Gas?
  • 11 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 15 minutes CNN:America's oil boom will break more records this year. OPEC is stuck in retreat
  • 1 hour The Pope: "Climate change ... doomsday predictions can no longer be met with irony or disdain."
  • 1 day Hormuz and surrounding waters: Energy Threats to the World: Oil, LNG, shipping markets digest new risks after Strait of Hormuz attack
  • 1 hour Greenpeace claims one oil rig is "pushing the world closer to a climate catastrophe"
  • 19 hours Russia removes special military forces from Venezuela . . . . Maduro gone by September ? . . . Oil starts to flow ? Think so . .
  • 6 hours The Latest: Iranian FM Says US Cannot Expect To ‘Stay Safe’
  • 2 days As Iran Nuclear Deal Flounders, France Turns To Saudi For Oil
  • 1 day The Magic and Wonders of US Shale Supply: Keeping energy price shock minimised: US oil supply keeping lid on prices despite global risks: IEA chief
  • 1 day Never Knew Gasoline Prices were this important!
  • 24 hours Plants are Dying
  • 5 hours Emmissions up, renewables nowhere
  • 1 day We Are Better Than This
  • 3 hours Middle East on brink: Oil tankers attacked off Oman
  • 1 day (Un)expectedly: UK Court Sets Assange U.S. Extradition Hearing For February 2020

Uruguay Developers Offer Cheaper Power from Private Wind Farms

Uruguay’s, Ministry of Industry, Energy and Mining Ramon Mendez, notined that by 2015 Uruguay could have $1.3 billion dollars of wind farms after developers promised cheaper electricity than that from conventional fuel powered plants.

Mendez added that Uruguay’s national power company Usinas y Trasmisiones Electricas (UTE) could purchase electricity from 600 megawatts of projects from companies that participated in an auction for new wind farms, four times more than expected.

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

 The companies participating in the auction included Spain’s Enerfin Sociedad de Energia SA, which offered to provide power for as low as $62.35 a megawatt-hour.

The bids have led Uruguay’s government to consider purchasing more wind power.

Wind power’s attractive low rates are not limited to Uruguay, as wind power companies in August submitted the lowest bids in a similar auction in Brazil.

Mendez noted that Uruguay’s average cost of electrical power generation is $73 a megawatt hour, which could drop as low as $45 within the next four years as Uruguay receives more of its energy from wind, biomass and liquefied natural gas-fuelled power plants.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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