CUBA Market News - Page 3 of 4

Cuba and Russia sign agreement to restore nuclear cooperation for peaceful purposes
July 6, 2016
The agreement between Cuba an Russia includes collaborative research and development on subjects such as nuclear medicine, nuclear waste disposal and nuclear safety, among others. El acuerdo entre Cuba y Rusia incluye colaboración para la investigación y el desarrollo en temas como medicina nuclear, eliminación de residuos nucleares y seguridad nuclear, entre otros.
Iberdrola negotiates entry into Cuban wind market
June 25, 2016
The Spain-based company plans to install a complex of 100MW of power in the southern province of Holguin, more than 700 kilometers from the capital, La Havana. This would be the largest wind farm in the wind energy sector in Cuba. La firma española pretende instalar un complejo de 100 megavatios de potencia en la provincia […]
Cuban government orders state enterprises to cut oil & electricity consumption by 20%
June 21, 2016
Cuba is taking measures to deal with a fuel shortage as its largest trading partner, Venezuela, fails to uphold previous agreements. Approaching July and August when demand for energy generally increases, the government has ordered state enterprises to reduce oil consumption and electricity use by 20%. The expected shortage has resulted in measures to reduce […]
Agreement to finance the first biomass cogeneration plant in Cuba
June 20, 2016
A loan contract to build and implement the first biomass cogeneration plant in the country has been signed by local sugar group Azcuba and the British company Havana Energy Ltd. It is estimated that the plant will use sugar-cane bagasse as the main source of fuel for cogeneration, with a capacity of 60 MW. Un […]
England appoints former Ambassador for Climate Diplomacy as Ambassador to Cuba
June 15, 2016
Mr. Anthony Cole has been appointed as ambassador to Cuba. Currently the Ambassador-at-large for Climate Diplomacy, Mr. Stokes has spent his diplomatic career working for climate security in challenging regions around the world. It is expected that he will bring a geo-political savvy to this new post in Cuba, a country poised for growth in a […]
US approves commercial flight service to Cuba
June 10, 2016
This week the US approved commercial flights to nine sites on Cuba – a major breakthrough for the island’s tourism and commerce sectors. Six carriers will operate from locations in the US; American Airlines, Frontier Airlines, Jetblu Airways, Silver Airways, Southwest Airlines and Sun Country Airlines. Between these carriers, requests for nearly 60 flights for […]
British biomass JV targets renewable energy in Cuba
June 9, 2016
A British firm is seeking to generate renewable energy from the byproducts of Cuban sugarcane production. Esencia, a UK-based holding company for Havana Energy, is working to construct the first of five biomass plants on the island. Robert Miller, director of Britain’s Cuban Solidarity Campaign (CSC) said, “We hope that this long worked-for venture will help […]
British solar company lights the way for utility-scale solar in Cuba
June 5, 2016
After half a century of isolation and dependence on foreign oil, Cuba is building an energy portfolio derived from the wind, sun and sugar. Hive Energy has secured a contract with the island nation to deliver 50 MW of solar power. Upon completion, the project is expected to generate up to 93 GWh of electricity […]
Russia to install four power generators in Cuba
May 24, 2016
Russian electrical power generating company Inter RAO will install four power generators in Cuba. Generators will be operational by 2025. Each generator will produce 200 MW annually. As a point of reference, one MW can power approximately 1000 homes. An agreement between Moscow and Havana for the project was signed in October. Read more […]