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Abengoa To Build $165M Uruguay Wind Farm

Law360, New York (September 23, 2013, 4:24 PM EDT) -- Abengoa SA will build a $165 million, 70-megawatt wind farm in Uruguay that will supply renewable energy to about 100,000 people, the company announced Monday.

The Spanish tech firm will contribute $6 million in equity to the project and expects to reap $500 million in revenues over a 20-year period by selling output to the Uruguayan state electricity company. Abengoa will develop, engineer, build and maintain the plant on its own, it said.

The project, which will be built in the windy, northern part of the...
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