March 14, 2017
Invenergy Closes Purchase Agreement for the La Jacinta Solar Farm in Uruguay
CHICAGO (March 14, 2017) – Invenergy LLC (“Invenergy”) announced today that it has purchased the La Jacinta Solar Farm in Uruguay from Fotowatio Renewable Ventures (FRV), the developer of the solar farm which has been operating since October 2015.
“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,” said Matthew Olive, Invenergy’s Vice President of development and Origination 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.”
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 one million U.S. dollars annually in the form of taxes and leasing payments for the local community.
Invenergy drives innovation in energy. Invenergy and its affiliated companies develop, own, and operate large-scale renewable and other clean energy generation and storage facilities in the Americas and Europe. Invenergy's home office is located in Chicago and it has regional development offices in the United States, Canada, Mexico, Japan and Europe.
Invenergy and its affiliated companies have developed more than 14,900 MW of projects that are in operation, construction or advanced development, including wind, solar, natural gas-fueled power generation and energy storage projects. For more information, please visit www.invenergyllc.com.
FRV is a leading global solar development company with a 4.8 GWdc development portfolio in the emerging solar markets including Australia, the Middle East, Africa and Latin America. Since 2006, the management team has completed the construction, operation, maintenance and financing of over 780 MWdc of photovoltaic and CSP solar energy plants. Such projects represent more than $2.5 billion U.S. dollars in total financings with more than 20 leading banks.
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