Presentation of the Program for the Transformation of the Energy Matrix in Cuba to 2030. Followed by interactive Q&A.
• How achievable is Cuba’s renewables mandate (24% by 2030 introduced in 2014)? Where are we now and what needs to be done to hit this target?
• What is in the pipeline of 13 wind farm projects announced by the Ministry of Energy and Mines in mid-2015?
• Who is the targeted investor base and how are they expected to participate?
• How will these projects be financed (seven slated to received direct investment)?
The Cuban sugar industry currently accounts for 3.5 % of national generation. It is anticipated that the proposed modernization of existing cogeneration facilities (56 biomass plants) will provide an additional 755 MW to the grid. Ultimately biomass will represent 14% of generation in 2030. Hosted by AZCUBA , this session will explore a roadmap for international investment in the transformation of Cuban energy matrix.
This session, which will pivot around a presentation of Project Biomas-Cuba, will explore the considerable additional opportunities for investment in biomass beyond the sugar industry.
Co-hosted by The Aspen Institute, this session will explore international perspectives on engaging in Cuba’s energy sector. Specifically, panelists will explore how Cuba should anticipate the market, and what infrastructure and policy challenges are coming down the pipe as Cuba expands its renewable energy and zero emissions portfolio up to and beyond the initial 6-15% threshold capacity.
Exploring the pipeline of existing projects and opportunities for international engagement in Cuban plans for increased wind development.
Exploring the pipeline of existing projects and opportunities for international engagement in Cuban plans for increased solar development.
In 2012, UK-based Havana Energy entered into a joint venture with the Cuban state-run Zerus SA to build five biomass power plants in Cuba – marking the biggest joint venture between Cuba and a British company in almost half a century, and the first notable renewable energy contract between Cuba and a British company. The joint venture, Biopower S.A., will generate power from bagasse at sugar mills throughout Cuba. Valued at a total of $250m, the power plants are expected to produce 32 MW each. The pilot project at the Ciro Redondo sugar mill is expected to break ground in late 2016. This session will explore the ins and outs of the working relationship between the JV partners and, as other international investors circle Cuba, explore lessons learned.
This session, led by the Ministry of Tourism, will explore opportunities for the deployment of renewables and energy efficiency programs in Cuban hotels and resorts as investment ramps up in the Cuban hospitality industry.