Uruguay Solar Energy and Battery Storage Market (2025-2031)
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In 2024, UTE, the state-owned company in charge of managing Uruguay's electrical grid, officially reported exporting 2.026 GWh for approximately $104 million in energy exports. One of the limiting factors for electricity exports to Brazil are the number of cross-border connections, currently 570 MV from Melo and 70 MV from Rivera.
In 2005, Uruguay initiated a dramatic shift in its energy strategy, moving from petroleum-based electricity generation to renewable sources. In 2024, Uruguay generated 99 percent of its electricity from renewable sources using hydropower (42 percent), wind (28 percent), and biomass (26 percent).
Uruguay generally has a surplus of electricity due to excess wind-power installed capacity. The country seeks to identify additional domestic uses for excess electricity and potentially increase exports to Argentina and Brazil.
Uruguay receives an average 1,700 KW per square meter of sunlight a year, on par with Mediterranean countries although solar represents only a fraction of the country's total electricity production. Uruguay's Investment Promotion Law offers incentives for investing in solar manufacturing, systems implementation, and solar energy utilization.
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