AGP Executive Report
Last update: 4 hours agoData Center Investment: Uruguay has signed a $5.7 billion agreement with Spain’s Solaria for a data center campus of up to 500MW, backed by a 350MW solar plant. Construction is planned to start in 2027, with the first phase due in 2029; the government projects 1,500 permanent jobs. The project would use nearly a tenth of the country’s installed power capacity, and opposition lawmakers are seeking details on Solaria’s financing and job commitments. Beef Exports: Global beef exports are forecast to fall 1% in 2027, with increased shipments from Uruguay among the gains expected to partly offset declines in Brazil, the US and Australia. Financial Services: Pacific Asset Management has established a Latin American entity in Uruguay, bringing two sales directors in-house after they raised more than $100 million from regional investors. Scanntech Expansion: Uruguayan retail-data company Scanntech secured a $180 million investment round to accelerate international growth, valuing the business at about 5.5 times annual revenue.
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