Uruguayan energy storage technology

What is the energy industry like in Uruguay?

Throughout Uruguay, there is a strong emphasis on local energy production, particularly solar energy in rural areas, focusing on rural schools and churches far from the grid, as well as hospitals, hotels, sports clubs, and new public buildings.

What are the fiscal incentives for renewables in Uruguay?

The framework for fiscal incentives for renewables in Uruguay was provided by laws established as early as 1998 and significant income tax reductions for renewable electricity generation, renewable energy service providers and manufacturing of renewable energy equipment.

Which energy infrastructure changes have made the most impact in Uruguay?

While these projects are impressive, it is the country’s creation of larger energy infrastructure changes that have made the most impact. In the decade leading up to 2017, forward-looking policies and projects took Uruguay from having virtually no wind power to nearly 4,000 megawatts of installed capacity.

What is the energy policy of Uruguay?

1. Policy Uruguay has a comprehensive, long-term energy plan - the National Energy Policy 2005-2030 - with the overall objective to diversify the energy mix, reduce dependency from fossil fuels, improve energy efficiency, and increase the use of endogenous resources, mostly renewables.

Does Uruguay have solar power?

While only about two percent of Uruguay’s total energy production comes from solar sources currently, the potential for solar power in Uruguay is encouraging given the country receives an average of 1,700 KW per square meter of sunlight each year.

How many MW of renewable electricity will Uruguay have?

Deployment seems on track to reach close to 1300MW by then. Auctions have been the main instrument for the promotion of renewable electricity in Uruguay, whereby the government-owned national electric company (UTE) awards power purchase agreements (PPAs) to successful bidders.