Enel Green Power Steps Out of Uruguay Market

The transaction is part of the disposal programme of non-core assets provided for in the Enel Group’s active portfolio management plan. This strategy allows for the reallocation of resources to areas with a greater growth margin and potential for the Group.

The Melowind wind farm is located in Cerro Largo, around 320 km away from Montevideo and sells its electricity output to the state-owned power company UTE (Administración Nacional de Usinas y Trasmisiones Eléctricas), which manages the transmission, distribution and sale of electricity in Uruguay, under a 20-year power purchase agreement (PPA).

Atlantica Yield plc owns a diversified portfolio of contracted renewable energy, efficient natural gas, electric transmission and water assets in North and South America, and certain markets in Europe, the Middle East and Africa (EMEA). In Uruguay the company already owns two wind farms for a total capacity of 100 MW.