DNV Supports Cubico Renewable Energy Project In Uruguay
DNV Supports Cubico Renewable Energy Project In Uruguay
DNV, one of our Corporate Members and a global assurance and risk management company, has announced its support for Cubico Sustainable Investments by providing technical due diligence services for a wind and solar energy portfolio in Uruguay. The engagement highlights DNV’s expertise in renewable energy and its continued contribution to advancing sustainable energy solutions globally.
The scope of work involved supporting the refinancing of a 75 MW renewable energy portfolio, combining the operational Vientos de Pastorale wind farm with the Alto Cielo solar project. This initiative represents a strategic effort to strengthen the financial and operational structure of the assets while ensuring long-term performance and resilience. DNV conducted a comprehensive technical evaluation of both assets, integrating different operational histories, technologies, and financial frameworks into a unified and reliable structure.
As part of the due diligence process, DNV assessed energy yield, operational performance, and technology reliability. The evaluation also included a detailed review of operational contracts, power purchase agreements (PPA), as well as environmental and permitting considerations. Through this independent verification, DNV provided critical insights to support informed investment decisions and enhance the overall efficiency of the renewable energy portfolio.
The project reflects the growing importance of renewable energy development in Latin America, particularly in Uruguay, where wind and solar energy play a key role in diversifying the national energy mix. By delivering accurate, data-driven analysis, DNV enables investors and stakeholders to better understand potential risks and opportunities associated with complex energy projects.
DNV operates in more than 100 countries and is recognised for its commitment to safety, quality, and sustainability. Its involvement in renewable energy projects supports global efforts to reduce carbon emissions and accelerate the transition towards cleaner energy systems. Through collaborations such as this, DNV continues to strengthen its position as a trusted adviser in the energy sector.
This partnership with Cubico Sustainable Investments demonstrates how independent technical expertise can support the successful development and financing of renewable energy assets. The project not only contributes to Uruguay’s sustainable energy ambitions but also reinforces the importance of international collaboration in driving the global energy transition.
For other interesting articles from our members and chamber activities, please visit our website.
