# DNV Supports Cubico’s Uruguayan Renewable Energy Refinancing
DNV has completed independent Technical Due Diligence for Cubico Sustainable Investments on a 75 MW renewable energy portfolio in Uruguay, facilitating the refinancing of the project. The assessment covered both wind and solar assets within Cubico’s holdings, providing the technical validation required by lenders and investors to proceed with the financial restructuring.
Uruguay has emerged as a significant renewable energy hub in South America, with substantial wind and solar capacity supporting both domestic consumption and potential export opportunities. The refinancing of established renewable projects reflects growing investor confidence in the region’s clean energy infrastructure. DNV’s role in conducting independent technical assessments is critical in de-risking investments, as financial institutions require verified performance data and asset condition evaluations before committing capital to refinancing arrangements.
The transaction underscores the maritime sector’s increasing interconnection with renewable energy infrastructure, particularly as the shipping industry faces pressure to decarbonize operations. Uruguayan ports and maritime facilities depend on reliable power supply to support vessel operations, bunkering services, and terminal infrastructure. As renewable energy portfolios mature and refinancing cycles accelerate globally, technical due diligence providers like DNV play an essential role in maintaining investor confidence and ensuring the financial viability of projects that ultimately support port infrastructure and blue economy development.