Opening the Doors to Cuba’s Energy Revolution: An Introduction for Global Investors
Our apologies, but due to technical difficulties, we were unable to video this webinar.
In the lead-up to the Cuba Energy & Infrastructure Summit (Sept 1 & 2, Havana, Cuba), New Energy Events and IJGlobal will gather key stakeholders for an interactive webinar to begin the process of discovery, and of the dig down into the state of the Cuban energy sector and the role for foreign investment.
Over the last decade, the Cuba government’s Revolución Energética drastically reduced fossil fuel usage and carbon emissions through energy efficiency measures. The revolution’s grassroots approach focused attention on cutting energy use at the household level and did so with impressive results – between 2006 and 2008 alone, the initiative replaced over 3.5 million household appliances and 94 million incandescent light bulbs.
While the revolution has made notable strides in some areas, opportunities for investment in renewable energy remain largely untapped. As of 2015, renewables accounted for just 4% of Cuba’s energy and the country is still largely dependent on oil imports.
Last year, however, the Cuban government put into motion a shift to expand its focus to include greater integration of renewable energy by setting a target for 24% renewable penetration by 2030 and cracking the door to increased foreign investment.
Over the course of the webinar, speakers will address that most fundamental of questions i.e. where do you start? Who do you call first in Cuba and abroad if you want to begin the process of establishing a line into Havana? Which are the critical government agencies to get to know? What are the most obvious stumbling blocks?
Speakers will also respond to the following topics and questions:
– How committed is the Cuban government to securing foreign investment in the national energy sector?
– How are conditions changing in Cuba and how is the thaw in U.S-Cuba relations impacting, in real time, prospects for investment?
– Are international investors receiving a warm response in Havana?
The Cuba Energy & Infrastructure Summit
For those interested in exploring the lay of the land, New Energy Events, working alongside IJ Global and local partner, the Cuban Center for Renewable Technologies, will host an invite-only energy investment summit in Havana on September 1st and 2nd. The event features the participation of key stakeholders such as Rosell Guerra, Director of Renewables at the Ministry of Energy and Mines, and Barbara Hernandez, Director General of Power Generation for the sugar industry (AZCUBA). The summit, the first of its kind to be held in Havana, will explore the role of international capital in the modernization and diversification of Cuba’s grid.
For more information visit the event website here.