Uruguay's green power revolution: rapid shift to wind shows the world how it's done

Stung by the 2008 oil price spike, Uruguay now produces up to 98% of its electricity from renewables. Can other countries follow suit?It was the 2000s, and fossil fuel prices were rising worldwide. After a period of volatility in the 1980s, the crude oil price per barrel had reached one its lowest points - $20 - at the end of 2001 but then, over the course of six years, it tripled before a new oil shock saw prices surpass those of the 1970s, reaching a record $145 a barrel on 3 July 2008.Uruguay imports its oil, so it had a problem. Demand for energy in the country had grown by 8.4% the previous year and household energy bills were increasing at a similar rate. The 3.4 million-strong population was becoming restless. Lacking alternatives, President Tabaré Vázquez was forced to buy energy from neighbouring states at higher prices, even though Argentina, Uruguay and Paraguay had a mutual aid agreement in case of emergency conditions. Continue reading...