4.4 MW solar PV project underway in Cuba

Work has started on the first large scale PV plant in the Cuban province of Sancti Spíritus, as announced by power utility, Empresa Eléctrica (EE). Radio Havana Cuba, the official government-operated international broadcasting station, said the solar plant will have a capacity of 4.4 MW and will be connected to the local electric grid, Sistema […]

Cuba breaks ground on first Havana Energy biomass project

A groundbreaking ceremony on April 27 marked the beginning of construction for the Havana Energy biomass plant. The new investment, involving Biopower SA, a joint venture between Zerus SA, a subsidiary of Azcuba, and Havana Energy, will cost more than $ 186 million and will bring improvements to the Ciro Redondo plant, which will allow […]

Construction begins at Cuba’s Ciro Redondo biomass plant

A ground-breaking ceremony at Ciro Redondo sugar mill today will herald the start of construction on one of four planned biomass power plants which will add 300 megawatts to the country’s power grid. Generating electricity partly from residues of its sugar crop, the £500million scheme is seen as vital to reducing Cuba’s reliance on oil imports […]

Cuba: Biomass plant under construction, additional projects seek financing

Cuba’s biomass sector is on the rise – the Ciro Redondo biomass plant is finally under construction thanks to an injection of cash from China – but financing remains an issue for the renewable energy sector. The Ciro Redondo plant is being developed by Havana Energy, led by President Andrew Macdonald. “The most challenging thing we […]

Cuba: Seven Reasons to Watch Energy Sector in Post-Fidel and Trump Era

In 2014, the Cuban government announced plans to generate 24 percent of the country’s electricity from renewable sources by 2030, with an installed capacity of up to 2GW. It was an ambitious goal — and in order to achieve it, Cuba would need capital investments of approximately US$3.5 billion. The government’s designation of technology-specific targets […]

Cuba and South Korea commit to renewable energy

South Korea will strengthen cooperation in the renewable energy sector with Cuba as part of a knowledge-sharing program for the Caribbean country, the South Korean finance ministry said today. In a South Korea-Cuba forum held in Seoul, the two countries discussed ways to encourage South Korean companies to make inroads into the Cuban energy market, […]

Cuba and China sign agreements to strengthen cooperation on renewable energy

Companies from Cuba and China on Friday signed 10 agreements to strengthen cooperation in renewable energy and industry after a three-day forum. With the participation of 18 Chinese companies and 20 Cuban firms, the forum analyzed cooperation strategies to expand the development of renewable energy in the island nation. The event also saw Chinese companies […]

Projects In Cuba Face Uphill Struggle For Funding

Despite high hopes for business development in Cuba, two major factors inhibit European banks from lending to the fledgling economy. The threat of sanctions from the U.S and Cuba’s “rock-bottom” debt rating give bankers in France, the UK, Germany and Switzerland pause, thus stalling big and small projects alike. The sanctions problem originates with a […]

U.S. ease on Cuba sanctions to benefit foreign oil producers

The Obama administration has recognized that lifting sanctions against Cuba is a first necessary step toward the country’s inclusion into International Financial Institutions (IFIs) and its ability to attract foreign private investment. MEO Australia is one of few foreign companies operating in Cuba and has discovered an oil deposit on the northern coast. It expects […]