Cuban Energy Storage Enterprises

Does Cuba need a redesigned energy sector?

Concerns over Cuba's dependence on Venezuela are translating into the need for a fundamentally redesigned energy sector and more flexibility for investors. The pandemic has accentuated Cuba’s need to diversify and move from oil-generated energy to renewable sources of energy (RES).

Which res companies are based in Cuba?

Some RES foreign companies with a presence in the Cuban market include Iberdrola SA, Hive Energy Ltd, Vestas Wind Systems, Shanghai Electric Group Ltd, Yingli Goldwind International Holding HK Ltd, Indian state-run energy company NTPC Ltd and Havana Energy.

How will Cuba's relationship with other countries impact the energy transition?

Cuba’s relationships with other countries will be key to realizing the energy transition. Since 2000, Venezuela has been Cuba’s primary source of imported oil. However, political and economic troubles in Venezuela caused oil exports to Cuba to fall by about half, resulting in Cuba increasingly seeking oil imports from Mexico and Russia.

Which Canadian companies are active in the RES sector in Cuba?

Two Canadian companies are currently active in the RES sector in Cuba. Deltro Group Ltd. from Ontario has signed a BOO (build, own and operate) contract with UNE (Unión Eléctrica) to build and run a 100 Mw solar farm and a 50 Mw Battery Energy Storage System.

Can the US support Cuba's energy transition?

The report released today examines provisions of U.S. law that allow some measure of support for Cuba’s energy transition and recommends steps that the U.S. government could take to support the transition, improving daily life for the Cuban people while at the same time providing opportunities for the renewable energy sector in the United States.

Why is Cuba importing oil from Mexico and Russia?

However, political and economic troubles in Venezuela caused oil exports to Cuba to fall by about half, resulting in Cuba increasingly seeking oil imports from Mexico and Russia. Cuba has worked with India, the Indian-based International Solar Alliance, and China to develop renewable energy projects.