In 2005, Uruguay initiated a dramatic shift in its energy strategy, moving from petroleum-based electricity generation to renewable sources. In 2024, Uruguay generated 99 percent of its electricity from renewable sources using hydropower (42 percent), wind (28 percent), and biomass (26 percent).
Uruguay generally has a surplus of electricity due to excess wind-power installed capacity. The country seeks to identify additional domestic uses for excess electricity and potentially increase exports to Argentina and Brazil.
In 2024, UTE, the state-owned company in charge of managing Uruguay's electrical grid, officially reported exporting 2.026 GWh for approximately $104 million in energy exports. One of the limiting factors for electricity exports to Brazil are the number of cross-border connections, currently 570 MV from Melo and 70 MV from Rivera.
According to preliminary 2024 data from Uruguay's Ministry of Industry, Energy and Mining (MIEM), national energy production reached 17,202 GWh, marking a rebound from the downward trend observed in 2023. Of the total production, 15,175.8 GWh was used to meet domestic demand, while 2,026.2 GWh was exported.
6Wresearch actively monitors the Uruguay Energy Storage System Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and
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Overview Uruguay is globally recognized for its significant achievements in renewable energy development. As the country transitions to the second stage of decarbonization of its energy
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