Uruguayan energy storage new energy supplier

What is Uruguay's energy strategy?

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).

What is Uruguay's energy model?

Uruguay’s model demonstrates that a just energy transition is attainable, emphasizing public-social capacities and a commitment to sustainability. Uruguay is a renewable energy world leader. During 2017, the total amount of its electricity supply came from renewable sources (only 2% was thermal energy).

How has Uruguay reshaped its energy matrix?

Key findings reveal that Uruguay has significantly reshaped its energy matrix, with renewables accounting for a very significant amount since 2017, reducing carbon emissions and bolstering energy sovereignty.

How much solar energy does Uruguay get?

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.