Subscribe today and receive an extra account for free.
Subscribe
Author: katheriine_0x. License: Creative Commons, Attribution-NoDerivs 2.0 Generic.
March 2 (Renewables Now) - The government of Cuba and the OPEC Fund for International Development (OFID) signed a USD-45-million (EUR 36.6m) loan agreement for the country's national Solar Energy Development Project.
The soft loan aims to contribute to the modernization and diversification of the Cuban energy mix by increasing the installed capacity of solar energy sources, OFID's general director Suleiman Jasir Al-Herbish said.
According to the Cuban Ministry of Foreign Affairs, the project will also increase the electricity generation and optimize the country's electrical system, through the use of domestic photovoltaic (PV) systems and solar water heaters for industrial and residential use.
OFID is a multilateral financial institution aimed at assisting low-income countries in different areas of economic and social development, such as renewable energy, among others.
(USD 1 = EUR 0.81)
to-the-point: A2Sea installs final turbine at Vattenfall's Horns Rev 3
Jan 21, 2019 18:50 CEST
Vikram Solar commissions 20 MW of PV plants in West Bengal
Jan 21, 2019 16:00 CEST
Schottel merges tidal ops into SME, gets equity stake
Jan 21, 2019 15:06 CEST
Statkraft to provide 3 TWh of green power to Spain's Fortia Energia
Jan 21, 2019 14:19 CEST
New York's JFK Airport to be equipped with up to 13 MW of solar
Jan 21, 2019 14:07 CEST
Iberdrola plans 111-MW PPA-backed wind complex in Spain
Jan 21, 2019 13:50 CEST
