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EU to grant EUR 18m for renewables in Cuba - report

Author: Gerry Machen. License: Creative Commons, Attribution-NoDerivs 2.0 Generic.

November 13 (Renewables Now) - The European Union will sign in the coming weeks a EUR-18-million (USD 21m) financing agreement to support renewable energy in Cuba, state news agency Prensa Latina reported.

Details on the use of the funds are not available.

The agreement, to be approved by the Cuban Ministry of Foreign Trade and Foreign Investment, is part of the Agreement on Political Dialogue and Bilateral Cooperation, which entered into force earlier this month, the EU ambassador in Cuba, Alberto Navarro told the news agency.

Next year, an addition agreement is planned to be signed, but this time it will focus on the support of sustainable agriculture, according to the ambassador.

Overall, the programmes that are managed in the bilateral framework between Cuba and the EU should reach EUR 50 million by 2020, Prensa Latina noted.

(EUR 1 = USD 1.167)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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