What is green energy in Uruguay?

Categories: Energy & Oil, Environment, Uruguay. Tags: Green energy. Uruguay managed during the first two months of this year 100% renewable energy generation and had sufficient surplus to supply neighbors Argentina and Brazil, making the local government-owned power company, UTE, the major single exporting company.

Why are energy companies interested in Uruguay?

The Namibian discoveries triggered a surge of interest among energy firms eyeing Uruguay, effectively reducing the country's exploration risks. Among other companies, Challenger Energy holds exploration permits for Uruguayan blocks, with major players like Apache, YPF, and Shell re-entering the market.

How much energy does Uruguay generate?

Finally this also means that during the twelve months of 2023, Uruguay managed 88,5% of its power generated from renewable sources. ADME figures show that wind energy represented 39,6% of total power generates, hydraulic, 28,1%, biomass 9,3%, thermal 7,8% and solar 3,7%.

Does TGS have a relationship with Uruguay?

TGS has a long-standing relationship with Uruguay and its leading O&G players. In 2022, the company completed a 3D data reprocessing program, Tannat 3D, in the country. The data was regionally integrated and reprocessed using advanced techniques, including de-ghosting, improved velocities, and pre-stack merge and migration to depth.

How much money did Uruguay export in 2024?

Of the 235 exporting companies during the period, (with sales over US$ 100,000), 106 surpassed the million dollars and by far stands out UTE with US$ 144,8 million, during January 2024, a contrasting situation to a year ago when Uruguay because of an 18 month long drought was forced to become a net importer of power from its Mercosur associates.