As Uruguay’s Economy Booms, Wind Power Drops in Price
Sep 20, 2011
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Companies including Spain’s Enerfin Sociedad de Energia SA offered to provide power for as low as 62.35 dollars a megawatt-hour, prompting the government to consider buying more wind power. Aeolic energy (wind power) is beating conventional power sources on price in head-to-head contests elsewhere in South America. Wind was the cheapest source of energy in a similar auction in Brazil last month.About half of Uruguay’s energy needs are met by hydroelectricity; 40 percent by fossil fuels, and 10 percent by biomass. If Uruguay can manage its energy portfolio well, look for the country to become even more attractive to investors--and become what some observers call the Switzerland of South America.
[...] the United States to assert its leadership in Latin America—and the reality is that most of these countries are looking to Brazil, not the US, as a model: Brazil’s energy policy, developed over the past [...]
[...] of the farm in the fourth quarter of 2011 with commercial operation in December 2012. Despite reports that the wind energy market is slowing down in the U.S., investment like those of Duke Energy’s [...]