none

URUGUAY TO GET 95% OF ITS ENERGY FROM RENEWABLES BY 2025

09-12-2015
by 
in 

As the climate summit continues in Paris, Uruguay has announced that it will be obtaining 25% of its electricity from renewable sources and have been able to do so without government subsidies or price rises to the consumer, as electricity will be cheaper because fossil fuels are too expensive.

National director of energy, Ramón Méndez, told the climate summit delegates that the formula is incredibly replicable, and is simply a result of: "clear decision-making, a supportive regulatory environment and a strong partnership between the public and private sector".

"What we’ve learned is that renewables is just a financial business," said Méndez. 

"The construction and maintenance costs are low, so as long as you give investors a secure environment, it is a very attractive."

Over the past 10 years there have been a number of wind farms cropping up all along the country side, and provides the most energy.

The country has offered foreign investors a fixed state utility price for 20 years.

"As a result, foreign firms are lining up to secure wind farm contracts," writes Jonathan Watts for The Guardian. 

"The competition is pushing down bids, cutting electricity generating costs by more than 30 percent over the past three years."

the Uruguayan model ensures to keep a broad mix of renewable and does not focus heavily on one kind, meaning that they will able to withstand any climate.

Méndez explained that by having wind farms feed into hydro plants, they've been able to reduce their vulnerability to drought by 70 percent.

The nation is now hoping to make changes to its transport sector which still heavily relies on oil. Méndez has pledged to cut Uruguay's carbon emissions by 88 percent in the next two years compared to 2009 to 13.

"For three years we haven’t imported a single kilowatt hour," said Méndez. "We used to be reliant on electricity imports from Argentina, but now we export to them. Last summer, we sold a third of our power generation to them."

 

Related news & editorials

  1. 22.02.2019
    22.02.2019
    by      In
    Early in 2018, Lifting Victoria was appointed as an authorised agent for Hyva, a leading manufacturer of truck cranes, and skip and hook loaders.
    Since the appointment, Lifting Victoria has experienced continued growth in providing truck crane installation services to clients across Victoria, but... Read More
  2. 21.02.2019
    21.02.2019
    by      In
    As information technology (IT) departments become more sophisticated and improve their identification and response to cybersecurity breaches, many manufacturing companies (particularly at the SME scale) are becoming more susceptible to cyber attacks via their operational technology (OT).
    According... Read More
  3. 19.02.2019
    19.02.2019
    by      In
    The adoption of artificial intelligence is rapidly growing in the workplace; however, to take full advantage of the opportunities, businesses need to overcome lingering doubts from their customers and employees, according to new research from Genpact, a global professional services firm focused on... Read More
  4. 19.02.2019
    19.02.2019
    by      In
    The 2018 needles in strawberries episode served as a warning to all of Australian industry: failure to take security seriously can have disastrous consequences. However, it also served to highlight just how vulnerable manufacturing industry is to malicious acts, whether by disgruntled employees or... Read More