July 13 (SeeNews) - Cuba plans to build 13 wind farms, including seven facilities financed with foreign direct investment, local media reported on Saturday, quoting energy and mines minister Alfredo Lopez.
The move would be part of a plan for Cuba to source some 24% of its power from renewable energy sources by 2030. For the purpose, Cuba will need to attract about USD 600 million (EUR 541.6m) in foreign capital, according to Lopez.
At present, renewables account for slightly more than 4% of the island’s generated electricity, news agency AIN said. Cuba already has four wind parks in various locations with a combined capacity of 12 MW.
Lopez told the National Assembly that the increased use of renewables such as wind, solar and hydropower will allow Cuba to cut its reliance on fossil fuels and save some USD 780 million per year.
(USD 1.0 = EUR 0.903)