Uruguay s new energy storage

In this chapter, we characterize the causes that led to the recent increase of renewables share in Uruguay, we ask about the predominance of public or private property, the type of decentralization promoted by the new energy sources and account for the resulting modification of the development 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).

Between 2017 and 2020, 97% of Uruguay's electricity generation originated from renewable sources, placing it as a leading country worldwide along with Denmark, Ireland and Portugal. It also became a net exporter for the region.

Once a net importer of energy, Uruguay now exports its surplus energy to neighbouring Brazil and Argentina. In less than two decades, Uruguay broke free of its dependence on oil imports and carbon emitting power generation, transitioning to renewable energy that is owned by the state but with infrastructure paid for by private investment.

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.

The private-driven, solar panel manufacturing facility, located in the Argentine province of San Luis—LV Energy—generates 12 MW annually which is almost the same amount of solar energy Uruguay intends to incorporate per year. A similar consideration could be given to biotechnology.