Ingeteam has opened a new subsidiary in Urugay, thereby increasing its global presence in 18 countries. The company’s headquarters in Uruguay are located in Montevideo and it already has personnel working in different parts of the country, principally in the Salto area.The company has entered Uruguay with projects for the wind power and PV sector alike, becoming the leading provider of Operation and Maintenance services in Latin America, where it has maintenance contracts for 2.5 GW.
Uruguay is strongly committed to renewable energies. In less than ten years, the country has substantially changed its energy mix and there are now even days in which 100% of the power generated is from renewable sources.Currently, with an installed power of more than 865 MW for wind power and 200 MW for photovoltaic, Uruguay is one of the countries with the greatest growth prospects in the American continent. Specifically, by 2040, Uruguay expects to multiply its installed power six fold, to reach 6.25 GW. On the other hand, it has 1.5 GW in hydropower, 50 MW in PV, almost 400 MW in Biomass, 850 MW in wind power and a further 750 MW under development for connection before 2017.
This maturity provides Uruguay with a clear advantage as one of the bases for allowing Ingeteam to grow in the region, where neighbouring countries such as Argentina, are now entering the renewable energies market.