Saeta buys Uruguayan wind farms

Saeta buys Uruguayan wind farms

M&A Uruguay Project & Infrastructure Finance

Saeta Yield said it has agreed to buy two wind farms in Uruguay from Argentina's Corporacion America and Spain's Grupo San Jose for $65m.The Madrid-based renewable energy yieldco said it will fund the acquisition with cash on hand. The deal is expected to close in the first half of the year, Saeta said in a securities filing.Located in the department of Maldonado, the Carape I and II wind farms have a combined 95 MW in installed capacity. The projects began operations more than a year ago and st

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