Cubico Strengthens Uruguay Portfolio with 75 MW Renewable Refinancing
- Özcan Berk Atakan
- Jan 13
- 1 min read
Cubico Sustainable Investments has successfully completed the refinancing of a 75 MW operational wind and solar portfolio in Uruguay, reinforcing its long-term commitment to one of Latin America’s most stable renewable energy markets.
The transaction covers a 50 MW onshore wind farm and a 25 MW solar PV plant, both fully operational and backed by long-term power purchase agreements. Through this refinancing, Cubico consolidated existing debt and introduced new project finance into a single, optimized structure—improving cash flow efficiency and extending debt maturity.
The deal was arranged with leading regional lenders and reflects strong lender confidence in both the asset performance and Uruguay’s regulatory framework. Uruguay is widely recognised for its high penetration of renewables, with wind and solar playing a central role in its low-carbon electricity mix and long-term energy security strategy.
For Cubico, the refinancing enhances portfolio resilience while freeing up capital to support future growth opportunities across the Americas and other core markets. It also underlines a broader trend: mature renewable assets in stable jurisdictions continue to attract competitive refinancing, even amid tighter global capital markets.
As institutional investors increasingly focus on operational excellence and balance-sheet optimisation, transactions like this highlight how refinancing has become a strategic tool—not just a financial one—in long-term renewable asset management.
