Cuba is expanding its renewable energy market with the construction of a bioelectric plant and a 50-MW wind farm. These developments are possible thanks to a loan from India.
The international financial deal was announced Tuesday, October 2, by Cuba’s Minister of Energy and Mines, Raul Garcia Barriero, at the Solar Alliance International (ISA) held in India. The news was reported by Cuba’s state news agency Prensa Latina.
Cuba’s policies for renewable energy ambitiously aim to raise the use of clean power by 24% by 2030. The Carribbean archipelagic nation has already broken ground on 101 MW of wind farms. According to Prensa Latina, Cuba has 116 MW of solar installed capacity, with another 65 MW currently being constructed.
The loan from India will help finance the expansion of Cuba’s existing energy network and infrastructure. The planned bioelectric plant is to be installed on the site of the 30 de Noviembre sugar mill in the western province of Artemisa. The wind farm is planned to be erected in Holguin, in eastern Cuba. The wind farm will be the third built by the nation.