Invenergy has acquired the 65MW La Jacinta Solar Farm in Uruguay from the developer, Fotowatio Renewable Ventures (FRV).
The solar has been in operations since October 2015.
Invenergy development and Origination International Markets vice president Matthew Olive said: “We’re very pleased to close on the La Jacinta Solar Farm as it advances and strengthens Invenergy’s commitment to Latin America, and particularly to Uruguay.
“Uruguay is a global leader in renewables, with more than 90 percent of their electricity generated by renewable energy. We are excited to add to our presence in Uruguay, as we also expect to initiate commercial operations in the coming weeks of Invenergy’s nearby 70 MW Campo Palomas Wind Farm.”
La Jacinta has an installed capacity of 64 MW of power from 216,000 solar panels manufactured by BYD. The facility began operation in October of 2015 and supports approximately eight full-time jobs.
La Jacinta generates on average more than $1m annually in the form of taxes and leasing payments for the local community.