Cubico Sustainable Investments has acquired the operational 50MW Astidey wind farm in Uruguay from a group of unnamed investors.
The plant is located in the department of Flores in the southwest of the South American country and became operational in 2015.
Cubico’s portfolio in Uruguay now comprises two wind assets with a total capacity of 100MW.
Cubico head of Americas Ricardo Diaz said: “We have had a historical presence in Uruguay and this acquisition further strengthens our footprint in the country, positioning our platform for additional growth in the near future.
“This transaction helps to consolidate our position as a leader in the renewable energy sector in the Americas.”
Cubico head of Brazil and rest of Latam Francisco Moya said: “We have been looking at the country for some time and are delighted to be able to close another acquisition, which positions us as one of the largest owners of renewable energy assets in Uruguay.
“We are very keen to expand our portfolio in the country and having a local presence through our office in Montevideo will help us to be closer to the projects.”
No details of the price of the deal were disclosed.