CUBA Market News - Page 4 of 4

The challenges and gifts for sustainable tourism in Cuba
May 20, 2016
As opportunities to expand the Cuban tourism industry grow, so does the threat of a negative impact to the Caribbean island’s natural and human environments. Sheltered for decades from widespread tourism and economic liberalization, Cuba has retained a wholesome natural landscape by utilizing low-tech methods of production for energy and food. Key challenges in facing […]
Leni Gas partners with UK firm to develop renewables in Cuba
May 18, 2016
Leni Gas Cuba and Commerical Funded Solar plan to co-develop renewable energy projects in Cuba. An agreement between the two parties stipulates that they will assess potential for installing and operating renewable energy projects in Cuba – including hydro, solar, energy storage and power management systems. “There is a real need for more energy supply in […]
Caterpillar CEO Leads Company Delegation to Cuba
May 11, 2016
Caterpillar executives and representatives from RIMCO travelled to Cuba in mid-May to meet with government representatives. “We believe in the power of engagement, and our goal is to be both a business and cultural partner in Cuba for many years to come,” said Doug Oberhelman, Chairman and CEO of Caterpillar. “For nearly 20 years, Caterpillar […]
Cuban hydro project financed by Kuwait Fund for Arab Economic Development
April 26, 2016
The Cuban energy sector will get a boost this year after a deal signed with the Kuwait Fund for Arab Economic Development will provide financing for the construction of 34 small hydropower projects. These projects will use existing infrastructure to provide a capacity of 14.6 MW of hydropower to the Caribbean island and three linking […]
Caricom and Cuba to discuss energy projects
April 15, 2016
A delegation from Caricom will travel to Cuba to assess renewable energy opportunities. Devon Gardner said that the plan is to discuss initiatives such as producing biogas. Dr. Gardner said that the delegation will be led by Assistant Secretary General for Trade and Economic Integration, Joseph Cox.
Cuba and the US to collaborate on renewable energy
March 21, 2016
On the table for discussion during President Obama’s visit to Cuba this week was Cuba’s antiquated grid. Cuba is one of few remaining countries to burn crude oil to produce its electricity. A nation of juxtapositions, over the past decade the Cuban government implemented initiatives to replace light-bulbs, inefficient appliances and install solar panels. […]
Cuba & China sign agreement for 100 MW of PV projects
February 6, 2016
Cuba and China have signed a commercial contract for the implementation of a 100-MW photovoltaic project in the Greater Antilles. In 2015 the Abu Dhabi Fund for Development (ADFD) announced an AED-55 million (USD 14.9m/EUR 13.3m) concessionary loan to the government of Cuba for the development of a 10-MW solar project in the country. This […]
Mexico and Cuba considering joint natural gas project -minister
January 24, 2016
Reuters reported that Mexican and Cuban energy officials are looking into sending natural gas from Mexico’s state-run oil company to Cuba. Mexico is a major exporter of crude oil but to date has not exported natural gas. Economy Minister Ildefonso Guajardo said, “this is a project that we are just beginning to explore.” Read more […]