Renewable energy trade between private parties debuts in Uruguay

Renewable energy trade between private parties debuts in Uruguay

December 15, 2023 – 1:56 p.m.

Coca-Cola Femsa and Atlántica Sustainable Infrastructure signed a contract for the supply of photovoltaic energy.

Ventus

The companies Coca-Cola Femsa and Atlantica Sustainable Infrastructure signed the first private contract for the commercialization of renewable electrical energy of Uruguay, after the government authorized the entry of the actors private to this market.

The PPA contract was carried out on December 7, and its protagonists were the two companies that, for the first time in the country, will be able market renewable energy between them. The agreement contemplates a new generation plant photovoltaic energy renewable, the Albisu I Solar Parkwhich will be located in Leap.

“The park was developed and built by Ventus for the client Atlántica Sustainable Infrastructure, one of the largest private generators of Uruguay. This renewable plant had a approximate investment of 14 million dollars and more than 150 labor collaborators, of which 14% were women,” he explained Francis Rasquet, Director of Business Development at Ventus, to Strategic Energy.

Likewise, the infrastructure has more than 24,000 solar panels and the amount of energy delivered will be 23,500 MWh per yearwhich will allow supply 100% of consumption of Coca-Cola Femsa through renewable energy sources, in line with the global objectives of reducing greenhouse gas emissions carried out by the company.

“Although there was already a law and a regulatory framework, it had never happened that two private “They would have sold energy among themselves, so it is a milestone for the Uruguayan electricity market,” Raquet stressed.

“We are willing to continue working on this type of projects, taking into account that in the country there are about 20 companies that can be considered large consumers of the system and have the opportunity to be free users and decide who to buy energy from,” said the Business Development Director of Ventus, in this regard.

The entry of private individuals into the renewable energy business, key to this milestone

The possibility that private generators renewable energy non-conventional – wind, photovoltaic and biomass – the capacity to supply long-term firm power was enabled in August, through a decree of the Ministry of Industry, Energy and Mining (MIEM). The objective was to promote the market for wholesale energy contracts between private parties.

Although the provision had several criticisms from some directors of the National Administration of State Electrical Power Plants and Transmissions (UTE) for what they considered the “privatising” nature of it; The government defended the measure and maintained that it was “an opportunity” for the arrival of private investment to the country in a sector in which Uruguay It has great potential.

“This takes time and although it may cause some loss of clients to UTE In the medium term, at the same time (the state) will increase its turnover because the demand (for energy) will grow as it continues to become more and more electrified. And that is a business that is UTE”, explained the then head of the MIEM, Omar Paganini —whose place is currently occupied by the minister Elisa Facio.

Source: Ambito

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