Uruguay Renewables Q1 2020
Non-hydropower renewables growth will remain sluggish in the near term as the country's sizable electricity oversupplyweighs on government's impetus to re-initiate renewables auctions. However, growing power demand will erode the electricityexcess and spur on a resurgence in renewables investment in the medium-to-long term of our forecast period to 2028. Wind powerwill remain dominant in the country's renewables capacity breakdown, while declining solar equipment costs boost profitability todrive comparatively more rapid growth over the coming decade.
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