{"id":10019,"date":"2014-07-25T17:47:19","date_gmt":"2014-07-25T15:47:19","guid":{"rendered":"http:\/\/frv.fullcircle.es\/?p=10019"},"modified":"2021-02-04T18:33:20","modified_gmt":"2021-02-04T17:33:20","slug":"frv-cierra-la-financiacion-para-construir-una-planta-solar-d-19","status":"publish","type":"post","link":"https:\/\/frv.com\/en\/frv-cierra-la-financiacion-para-construir-una-planta-solar-d-19\/","title":{"rendered":"FRV Closes financing to build 65 MW photovoltaic plant in Uruguay"},"content":{"rendered":"<p><\/p>\n<ul>\n<li>FRV announces financial close of the \u201cJacinta\u201d solar farm with $70 million of funding from DNB Group and Intesa Sanpaolo. Santander provided an additional funding tranche of $24 million\n<\/li>\n<li>\u201cJacinta\u201d is one of the largest solar projects in Latin America and the first FRV project in the region <\/li>\n<li>Project will generate enough electricity to supply approximately 35,000 homes, avoiding 74,142 MT of CO2 emissions per year <\/li>\n<li>OHL will construct the plant utilizing BYD solar photovoltaic panels<\/li>\n<\/ul>\n<p>Today, FRV announced the financial closing of a 65 MW photovoltaic plant in Uruguay, the Jacinta solar farm in Salto Department in northwestern region of the country. The announcement follows the signing of a $70 million project finance arrangement with DNB Group and Intesa Sanpaolo, along with $24 million of additional funding tranche from Santander through its Asset and Capital Structuring team.<\/p>\n<p>Jacinta marks the first solar power purchase agreement (PPA) signed with Uruguay\u2019s stateowned company UTE (Administraci\u00f3n Nacional de Usinas y Trasmisiones El\u00e9ctricas) and is the first FRV project to reach financial close in the region. Once completed, the facility will be one of the largest solar projects in Latin America. It will generate enough electricity to supply approximately 35,000 homes in the area and remove 74,142 MT of CO2 emissions per year.<\/p>\n<p>The project is due to be completed by May 2015. It is part of the government\u2019s sustainable energy policy to promote solar power in Uruguay. The Jacinta project will be constructed by OHL Industrial, a subsidiary of the Spanish group OHL, with solar photovoltaic panels supplied by BYD.<\/p>\n<p>\u201cJacinta will provide a low cost source of power to the region and help further Uruguay\u2019s goal in order to transform its current mix of energy over the next few year with an increasing penetration of renewable sources\u201d, said Rafael Benjumea, CEO at FRV. \u201cIt will also deliver considerable benefits to the local economy, including the creation of more than 200 jobs during the construction phase and the use of significant local content.\u201d<\/p>\n<p>FRV was selected for the development of this project under a PPA for a period of 30 years through a public program led by UTE. Since the confirmation of the offer, UTE and FRV have worked together in the environmental assessment and the executive project necessary to connect the generation plant to the distribution network.<\/p>\n<p>\u201cWe are very excited about the Jacinta project, as it represents the first of many low cost FRV solar projects for the Latin American market and will provide an affordable, clean solar power resource for Uruguay,\u201d added Scott Mackin, Managing Partner and Co-President at Denham Capital which is a majority shareholder in FRV.     \t<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FRV announces financial close of the \u201cJacinta\u201d solar farm with $70 million of funding from DNB Group and Intesa Sanpaolo. Santander provided an additional funding tranche of $24 million \u201cJacinta\u201d is one of the largest solar projects in Latin America and the first FRV project in the region Project will generate enough electricity to supply\u2026<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8,4],"tags":[18],"class_list":["post-10019","post","type-post","status-publish","format-standard","hentry","category-finance","category-press-releases","tag-plantas-fotovoltaicas"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FRV Closes financing to build 65 MW photovoltaic plant in Uruguay - FRV<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/frv.com\/en\/frv-cierra-la-financiacion-para-construir-una-planta-solar-d-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRV Closes financing to build 65 MW photovoltaic plant in Uruguay - FRV\" \/>\n<meta property=\"og:description\" content=\"FRV announces financial close of the \u201cJacinta\u201d solar farm with $70 million of funding from DNB Group and Intesa Sanpaolo. Santander provided an additional funding tranche of $24 million \u201cJacinta\u201d is one of the largest solar projects in Latin America and the first FRV project in the region Project will generate enough electricity to supply\u2026\" \/>\n<meta property=\"og:url\" content=\"https:\/\/frv.com\/en\/frv-cierra-la-financiacion-para-construir-una-planta-solar-d-19\/en\/\" \/>\n<meta property=\"og:site_name\" content=\"FRV\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FRV.Official\" \/>\n<meta property=\"article:published_time\" content=\"2014-07-25T15:47:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-04T17:33:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/frv.com\/wp-content\/uploads\/2021\/04\/curiosidad-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin_brooktec\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@FotowatioRV\" \/>\n<meta name=\"twitter:site\" content=\"@FotowatioRV\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin_brooktec\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/frv.com\/en\/frv-cierra-la-financiacion-para-construir-una-planta-solar-d-19\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/frv.com\/en\/frv-cierra-la-financiacion-para-construir-una-planta-solar-d-19\/\"},\"author\":{\"name\":\"admin_brooktec\",\"@id\":\"https:\/\/frv.com\/#\/schema\/person\/36bbca0dc8d93ec37201f8b72fa62619\"},\"headline\":\"FRV Closes financing to build 65 MW photovoltaic plant in Uruguay\",\"datePublished\":\"2014-07-25T15:47:19+00:00\",\"dateModified\":\"2021-02-04T17:33:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/frv.com\/en\/frv-cierra-la-financiacion-para-construir-una-planta-solar-d-19\/\"},\"wordCount\":999,\"commentCount\":0,\"keywords\":[\"[:en]Photovoltaic Plants[:es]Plantas Fotovoltaicas[:]\"],\"articleSection\":[\"Finance\",\"Press releases\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/frv.com\/en\/frv-cierra-la-financiacion-para-construir-una-planta-solar-d-19\/\",\"url\":\"https:\/\/frv.com\/en\/frv-cierra-la-financiacion-para-construir-una-planta-solar-d-19\/\",\"name\":\"FRV Closes financing to build 65 MW photovoltaic plant in Uruguay - 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Santander provided an additional funding tranche of $24 million \u201cJacinta\u201d is one of the largest solar projects in Latin America and the first FRV project in the region Project will generate enough electricity to supply\u2026","og_url":"https:\/\/frv.com\/en\/frv-cierra-la-financiacion-para-construir-una-planta-solar-d-19\/en\/","og_site_name":"FRV","article_publisher":"https:\/\/www.facebook.com\/FRV.Official","article_published_time":"2014-07-25T15:47:19+00:00","article_modified_time":"2021-02-04T17:33:20+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/frv.com\/wp-content\/uploads\/2021\/04\/curiosidad-scaled.jpg","type":"image\/jpeg"}],"author":"admin_brooktec","twitter_card":"summary_large_image","twitter_creator":"@FotowatioRV","twitter_site":"@FotowatioRV","twitter_misc":{"Written by":"admin_brooktec","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/frv.com\/en\/frv-cierra-la-financiacion-para-construir-una-planta-solar-d-19\/#article","isPartOf":{"@id":"https:\/\/frv.com\/en\/frv-cierra-la-financiacion-para-construir-una-planta-solar-d-19\/"},"author":{"name":"admin_brooktec","@id":"https:\/\/frv.com\/#\/schema\/person\/36bbca0dc8d93ec37201f8b72fa62619"},"headline":"FRV Closes financing to build 65 MW photovoltaic plant in Uruguay","datePublished":"2014-07-25T15:47:19+00:00","dateModified":"2021-02-04T17:33:20+00:00","mainEntityOfPage":{"@id":"https:\/\/frv.com\/en\/frv-cierra-la-financiacion-para-construir-una-planta-solar-d-19\/"},"wordCount":999,"commentCount":0,"keywords":["[:en]Photovoltaic Plants[:es]Plantas Fotovoltaicas[:]"],"articleSection":["Finance","Press releases"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/frv.com\/en\/frv-cierra-la-financiacion-para-construir-una-planta-solar-d-19\/","url":"https:\/\/frv.com\/en\/frv-cierra-la-financiacion-para-construir-una-planta-solar-d-19\/","name":"FRV Closes financing to build 65 MW photovoltaic plant in Uruguay - FRV","isPartOf":{"@id":"https:\/\/frv.com\/en\/#website"},"datePublished":"2014-07-25T15:47:19+00:00","dateModified":"2021-02-04T17:33:20+00:00","author":{"@id":"https:\/\/frv.com\/#\/schema\/person\/36bbca0dc8d93ec37201f8b72fa62619"},"breadcrumb":{"@id":"https:\/\/frv.com\/en\/frv-cierra-la-financiacion-para-construir-una-planta-solar-d-19\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":[["https:\/\/frv.com\/en\/frv-cierra-la-financiacion-para-construir-una-planta-solar-d-19\/"]]}]},{"@type":"BreadcrumbList","@id":"https:\/\/frv.com\/en\/frv-cierra-la-financiacion-para-construir-una-planta-solar-d-19\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/frv.com\/en\/"},{"@type":"ListItem","position":2,"name":"FRV Cierra la financiaci\u00f3n para construir una planta solar de 65 MW en Uruguay"}]},{"@type":"WebSite","@id":"https:\/\/frv.com\/en\/#website","url":"https:\/\/frv.com\/en\/","name":"FRV","description":"The future happens here","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/frv.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/frv.com\/#\/schema\/person\/36bbca0dc8d93ec37201f8b72fa62619","name":"admin_brooktec","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/frv.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0e7fb0448eaf832d491c60fa758bdfb0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0e7fb0448eaf832d491c60fa758bdfb0?s=96&d=mm&r=g","caption":"admin_brooktec"},"sameAs":["https:\/\/frv.com"],"url":"https:\/\/frv.com\/en\/author\/admin_brooktec\/"}]}},"search_content":"<p><\/p>\n<ul>\n<li>FRV announces financial close of the \u201cJacinta\u201d solar farm with $70 million of funding from DNB Group and Intesa Sanpaolo. Santander provided an additional funding tranche of $24 million\n<\/li>\n<li>\u201cJacinta\u201d is one of the largest solar projects in Latin America and the first FRV project in the region <\/li>\n<li>Project will generate enough electricity to supply approximately 35,000 homes, avoiding 74,142 MT of CO2 emissions per year <\/li>\n<li>OHL will construct the plant utilizing BYD solar photovoltaic panels<\/li>\n<\/ul>\n<p>Today, FRV announced the financial closing of a 65 MW photovoltaic plant in Uruguay, the Jacinta solar farm in Salto Department in northwestern region of the country. The announcement follows the signing of a $70 million project finance arrangement with DNB Group and Intesa Sanpaolo, along with $24 million of additional funding tranche from Santander through its Asset and Capital Structuring team.<\/p>\n<p>Jacinta marks the first solar power purchase agreement (PPA) signed with Uruguay\u2019s stateowned company UTE (Administraci\u00f3n Nacional de Usinas y Trasmisiones El\u00e9ctricas) and is the first FRV project to reach financial close in the region. Once completed, the facility will be one of the largest solar projects in Latin America. It will generate enough electricity to supply approximately 35,000 homes in the area and remove 74,142 MT of CO2 emissions per year.<\/p>\n<p>The project is due to be completed by May 2015. It is part of the government\u2019s sustainable energy policy to promote solar power in Uruguay. The Jacinta project will be constructed by OHL Industrial, a subsidiary of the Spanish group OHL, with solar photovoltaic panels supplied by BYD.<\/p>\n<p>\u201cJacinta will provide a low cost source of power to the region and help further Uruguay\u2019s goal in order to transform its current mix of energy over the next few year with an increasing penetration of renewable sources\u201d, said Rafael Benjumea, CEO at FRV. \u201cIt will also deliver considerable benefits to the local economy, including the creation of more than 200 jobs during the construction phase and the use of significant local content.\u201d<\/p>\n<p>FRV was selected for the development of this project under a PPA for a period of 30 years through a public program led by UTE. Since the confirmation of the offer, UTE and FRV have worked together in the environmental assessment and the executive project necessary to connect the generation plant to the distribution network.<\/p>\n<p>\u201cWe are very excited about the Jacinta project, as it represents the first of many low cost FRV solar projects for the Latin American market and will provide an affordable, clean solar power resource for Uruguay,\u201d added Scott Mackin, Managing Partner and Co-President at Denham Capital which is a majority shareholder in FRV.     \t<\/p>\n","search_term":null,"_links":{"self":[{"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/posts\/10019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/comments?post=10019"}],"version-history":[{"count":2,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/posts\/10019\/revisions"}],"predecessor-version":[{"id":15724,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/posts\/10019\/revisions\/15724"}],"wp:attachment":[{"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/media?parent=10019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/categories?post=10019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/tags?post=10019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}