Cuba Seeks Foreign Investment To Build 13 Wind Farms

Posted by NAW Staff on July 15, 2015 No Comments
Categories : FYI

The Republic of Cuba is planning to build seven wind farms that will be financed by foreign investors under a program aimed at developing renewable energy sources.

According to Energy and Mines Minister Alfredo Lopez, wind energy is the centerpiece of the effort to generate 24% of its electricity from renewable sources by 2030. Reportedly, Cuban officials are planning to attract more than $600 million in foreign investment to finance construction.

Increased use of wind, solar and hydroelectric power plants will help Cuba reduce its reliance on fossil fuels and save about $780 million annually, according to Lopez.

Currently, about 4% of Cuba's electricity is generated using renewable sources. The country's wind portfolio comprises four operating wind farms, which have 12 MW of generating capacity total and are situated throughout the island.

To learn more about the Office of Energy and Mines of Cuba, click here. Â

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