Chicago-based Invenergy LLC has purchased the La Jacinta solar farm in Uruguay from project developer Fotowatio Renewable Ventures. The La Jacinta facility began operation in October 2015, and it has an installed capacity of 64 MW of power from 216,000 solar panels manufactured by BYD.
“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,” says Matthew Olive, Invenergy’s vice president of development and origination in international markets. “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.”
According to Invenergy, the La Jacinta solar farm supports eight full-time jobs and generates, on average, more than $1 million annually in the form of taxes and leasing payments for the local community.