Uruguay solar projects: $5.7 Billion Agreement with Solaria Signed

Preliminary Agreement for Uruguay Solar Projects Signed

On October 14, 2026, the government of Uruguay signed a memorandum of understanding with Spanish energy company Solaria for a proposed investment of US$5.7 billion. This project aims to develop a complex that combines data centers with up to 350 MW of photovoltaic power generation in the departments of Canelones, San José, and Florida.

Uruguay Solar Projects Details

The planned data center complex could reach a capacity of 500 MW, developed in two phases. The first phase is scheduled to be approximately 200 MW. Under the agreement, Solaria will operate the facilities within Uruguay’s free-zone regime using land provided by state utility UTE for one or two solar plants.

Long-Term Power Purchase Agreement for Uruguay Solar Projects

The memorandum includes provisions for negotiating a 20-year power-purchase contract with UTE, with an option to renew for an additional 20 years. The first phase of the project is targeted for completion around 2029 to 2030, subject to final investment agreements, environmental approvals, and the required authorizations to operate as a free zone.

Strategic Importance of Uruguay Solar Projects

This agreement reflects Uruguay’s strategy to attract investment in renewable energy, particularly in solar power. The project is noted as one of the largest investments in the country’s recent history.

Sources for Uruguay Solar Projects Information

1. China News
2. El Acontecer
3. La Diaria
4. La Prensa
5. En Perspectiva
6. Teledoce
7. El Observador
8. La Prensa Editorial
9. VTV
10. Montevideo

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