The wind farm is being built by German wind turbine manufacturer ENERCON.
The Peralta wind farm, which is located in Cuchilla de Peralta in central Uruguay, consists of 50 ENERCON E-92 wind turbines.
The turbines have a hub height of 108 metres, a rotor diameter of 92 metres and an output of 2350 kW per turbine.
The loan structured by KfW IPEX-Bank is jointly offered through a consortium with Helaba as one of ENERCON’s core banks.
It will be paid in three tranches and is covered in part by a federal export credit guarantee (Hermes cover).
KfW IPEX-Bank management board member Markus Scheer said: “German and European wind technology is in demand internationally. This is a great opportunity ? both for manufacturers and the environment. As a bank, we do our part in helping ideas and projects take concrete shape.”
Uruguay intends to produce about 38% of its total domestic electricity production from wind energy by 2017 compared to a figure of just 13% in mid-2015.
The Peralta wind farm’s total capacity of 117.5 MW and estimated 300 GWh/pa is expected to supply green energy to around 150,000 typical Uruguayan households.
The power generated from the wind farm is sold to the national energy supplier Administración Nacional de Usinas y Trasmisiones Eléctricas (UTE).
UTE has signed a power purchase agreement for a period of 20 years with the project company founded by ENERCON.
ENERCON is currently an investor, turbine supplier, construction and operation partner for the Peralta project.
