DIF wraps up purchase of 50-MW wind farm in Uruguay

Infrastructure fund manager DIF Capital Partners has finalised the purchase of the 50-MW Cerro Grande wind farm in Uruguay from German duo Enercon GmbH and Eab New Energy.

The acquisition was closed through the Netherlands-based firm’s DIF Infrastructure V fund, DIF said last week without disclosing financial details.

Cerro Grande consists of 22 wind turbines that have been generating electricity since January 2018. The wind farm operates under a 20-year power purchase agreement (PPA) with Uruguay's government-owned power company Administracion Nacional de Usinas y Trasmisiones Electricas (UTE).

Enercon will remain tied to the wind farm to provide operations and maintenance (O&M) services, while SEG Heliotec will continue to deliver asset management solutions.

Cerro Grande represents DIF’s first investment in Uruguay since the firm opened its Latin American office in Santiago, Chile, the fund manager said.

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