Cuba’s Ministry of Energy and Mines together with the Abu Dhabi Fund for Development (ADFD) and International Renewable Energy Agency (IRENA), inaugurated a new 10 megawatt (MW) solar PV project in the country.
The grid-connected project was financed by ADFD under the IRENA/ADFD Project Facility and will deliver enough electricity to power the equivalent of nearly 7,000 Cuban homes.
The project contributes to the Cuban government’s national objectives to reduce the use of fossil fuels for electricity generation and increase the share of power from renewables to 24 percent by 2030. The project mitigates around 12,700 tCO2 emissions annually.
“Today marks an important moment for Cuba and the Cuban people,” said Francesco La Camera, Director-General of IRENA. “Renewable energy supports energy security, creates jobs and contributes to emission reductions. This 10MW project sets Cuba on a positive pathway to meeting these objectives and demonstrates that through strategic cooperation we can inject momentum into the energy transition.”
The grid-connected Solar PV project received USD$ 15 million (AED 55 million) from ADFD under the second cycle of the Facility. The Government of Cuba financed the remaining share.
Original source: IRENA
Published on 05 July 2019
