Uruguay Solar Panel Supplier or Exporters List with Trade
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Uruguay receives an average 1,700 KW per square meter of sunlight a year, on par with Mediterranean countries although solar represents only a fraction of the country's total electricity production. Uruguay's Investment Promotion Law offers incentives for investing in solar manufacturing, systems implementation, and solar energy utilization.
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.
A number of photovoltaic solar power plants have been built. The use of nuclear energy in Uruguay is prohibited by law 16.832 of 1997.
Uruguay is actively pursuing offshore oil exploration. The discovery of oil and gas in Namibia in early 2022 renewed the interest of international companies in Uruguay's territorial waters due to their geological similarities.
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