Cuba - Page 6 of 12 - New Energy Events

Cuba breaks ground on first Havana Energy biomass project
May 22, 2017
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
April 27, 2017
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
April 3, 2017
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
February 15, 2017
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
February 13, 2017
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
January 24, 2017
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
November 20, 2016
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
November 1, 2016
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 […]
In 2016, Cuba sets ambitious renewables target
October 27, 2016
September, 2016 The Cuban government has outlined plans to vastly increase renewable power generation in the country in an attempt to reduce its dependence on energy imports. Earlier this year, these plans were outlined at IJGlobal and New Energy Events’ inaugural Cuba Energy & Infrastructure Summit in Havana. Now that trade embargoes imposed by the […]