Uruguay emerges as a model for renewable energy initiatives

Uruguay emerges as a model for renewable energy initiatives

Bonds Fixed Income People Project & Infrastructure Finance Energy Renewable Uruguay Features

More than a decade ago, Uruguay faced an energy crunch. Without oil and natural gas resources of its own, the country had long relied on hydropower. But with few rivers left to develop, demand rising and intermittent droughts interrupting supply, there was little room for expansion. That left the country increasingly reliant on diesel, fuel oil and natural gas imports that ended up draining its dollar reserves, widening its trade deficit and undermining its economic competitiveness. Before long, its energy predicament became ever more dire. Argentina, its only supplier of gas, halted deliveries in the mid-2000s to contend with its own shortages. That forced Uruguay to step up imports of cost

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial