Over just four years, Uruguay increased its share of wind power from one percent to 33 percent. And in September, the country made headlines as it reached a new historical wind record of 48.94 percent. This is of course an amazing development, but there are still issues to be solved, says Maximiliano Proaño. Uruguay’s energy transition has made amazing progress. But at the same time, the privatization of power generation and the burden that the country has the highest electricity prices in all of South America are serious problems for Uruguay. The public energy utility company UTE must increase its power share from renewables further, and implement policies that reduce residential electricity prices. The country has done a lot to get to where it is today by investing 3% of its annual GDP in renewable energies. Policy makers have focused on three key policies to drive this trend: auctions, fiscal incentives and net metering. Auctions have been carried out through tenders, assuring bidders that their produced electricity will be consumed for the next 15 to … Continue reading What’s next for the energy transition in Uruguay?