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Wind power to put Uruguay ahead in global renewable enegy stakes

wind-nuclear-Uruguay set to become world leader in wind power
South American nation plans to produce 90 per cent of its electricity from renewable sources by 2015
  BusinessGreen  07 Jan 2013 
Uruguay has set its sights on becoming one of the world’s leading wind power producers as part of plans to produce 90 per cent of its electricity from renewable sources by 2015.
Electricity generated from wind is expected to make up 30 per cent of the South American nation’s total mix, with hydropower contributing 45 per cent, and biomass 15 per cent, according to reports from SmartPlanet.

This would put Uruguay ahead of current renewable energy leader Denmark, which gets 26 per cent of its electrical generation from wind.
While Uruguay has a number of hydro power plants, these tend to shut down in dry periods, forcing the country to purchase electricity from Argentina at up to $400per megawatt hour (MWh). The government hopes installing wind farms could provide a more secure source of energy and drop electricity prices to around $64/MWh, well under the current price of $90/MWh…..

South America has seen rapidly increasing levels of investment in renewable energy over the past year and many analysts expect the region to lead a charge from emerging markets, which are increasingly proving fruitful for investors…. http://www.businessgreen.com/bg/news/2234025/uruguay-set-to-become-world-leader-in-wind-power

January 10, 2013 - Posted by | renewable, SOUTH AMERICA

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