IDB finances photovoltaic solar energy project for private sector in Uruguay

Tuesday, August 5th 2014 - 06:21 UTC

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The Inter-American Development Bank (IDB) has approved a 40.9 million dollars loan from its ordinary capital and 25 million from the Canada Climate Fund, which is administered by the Bank, to finance the private sector in Uruguay in the construction, operation and maintenance of a photovoltaic solar energy plant and its related facilities. Read full article

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ChrisR
Mmm. The numbers although reasonable for the project at 61.7 days at full rated output giving a yearly efficiency of approximately 17% are still at odds with the application for funding at the IDB.

No reason why is given, though I suspect it will be related to the expected failure rate of individual cells and panels themselves.

Although these units will be of the latest type of cell they still don’t give any output at night. Just like the overblown windmills don’t give output in low wind OR high winds. Like the children’s story of the three bears it has to be ‘just right’ for the windmill to work. High winds of course usually set fire to the head: jolly dee.

BUT, and there’s ALWAYS a but in Uruguayo matters, the dead hand of UTE will be in ‘control’ (an oxymoron of the greatest imaginable sort). Give them 10 years and it will be wrecked and the private business nowhere to be seen.

But perhaps ANCAP (an equally moronic and badly run monopoly over fuels and other things) will have found oil for us by then. HA, HA, HA, HA. This bunch couldn’t find their arses if they were sitting on them. We are told there is U$D 250 M ‘missing’ from the accounts. Now I wonder where that has gone?

I bet 'No Money Pepe's' best mates could tell us.
Aug 05th, 2014 - 10:26 pm - Link - Report abuse 0
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