ADFD invests $15mln to raise solar plant capacity in Cuba

The project helps the country to move forward in its objective

  
Masdar celebrates fifth anniversary of flagship Middle East solar energy project Shams 1 Image used for illustrative purpose. Image for illustrative purposes.

Masdar celebrates fifth anniversary of flagship Middle East solar energy project Shams 1 Image used for illustrative purpose. Image for illustrative purposes.

Masdar/ Handout via Thomson Reuters Zawya

UAE - Mubasher: Cuba's solar photovoltaic plant, funded by Abu Dhabi Fund for Development (ADFD), has increased its capacity to 15 megawatts from 10MW.

The grid-connected project currently supplies an estimated 10,000 homes with electricity, according to a press release on Sunday.

Inaugurated in Cuba in 2019, the project helps the country to move forward in its objective to generate 24% of its electricity from renewable sources by 2030.

Cuba's solar photovoltaic plan falls under the second cycle of the ADFD-IRENA project facility, which has selected and supported 32 renewable energy projects in developing countries.

The project's funding is part of the ADFD's commitment of $350 million to support renewable energy uptake in developing countries through seven annual selection and funding cycles, starting in 2013.

A concessionary loan of $15 million was granted by the ADFD to increase the capacity of the solar PV plant.

Besides the solar PV project, ADFD has allocated $20 million to a second 14.3MW solar PV project in Cuba, which will have additional 4MW battery storage capacity.

The Director General of ADFD, Mohammed Saif Al Suwaidi, said: "This particular project serves as a model for other island nations in terms of conserving natural wealth, tackling climate change, and achieving energy security."

Meanwhile, Cuba’s Vice Minister of Energy and Mines, Tatiana Amar?n Bogachova, remarked: "Cuba signed agreements at COP21 in Paris and the renewable energy projects, especially the one funded by ADFD, has helped us to keep our commitment to reducing greenhouse gas emissions."

Source: Mubasher

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