Uruguay launches $30MW solar plant financing with $200 minimum investment
The Uruguayan government has launched a financing campaign for a 30MW solar plant in Baygorria, with a minimum investment of $200. The project, developed by state-owned utility UTE, aims to complement the country's existing energy matrix with solar power. Located on the banks of the Negro River, the plant will utilize existing infrastructure and contribute to the development of the region. The financing model offers investors an annual return and capital repayment within five years. This initiative is part of the government's strategy to promote renewable energy and encourage citizen participation in the energy sector. The project is expected to strengthen Uruguay's energy security and reduce its reliance on non-renewable sources.
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