Abu Dhabi's ADFD-funded $15m solar PV plant opens in Cuba
The 10MW solar plant has been developed as part of the jointly run Irena-ADFD Project Facility
Abu Dhabi Fund for Development (ADFD), the Cuban Ministry of Energy and Mines, and International Renewable Energy Agency (Irena) have inaugurated a 10MW solar photovoltaic (PV) power plant, a $15m (AED55.1m) project funded by ADFD that will deliver enough electricity to power nearly 7,000 Cuban homes.
The grid-connected project is expected to help the Cuban government reduce the use of fossil fuels for electricity generation and increase the share of renewable power to 24% by 2030, mitigating around 12,700 total CO2 emissions annually.
The inauguration ceremony was attended by Livan Arronte, Cuba’s Vice-Minister of Energy and Mines; Bader Almatrooshi, UAE Ambassador to Cuba; and Francesco La Camera, director-general of Irena.
ADFD approved funding for the project during the second cycle of the Irena-ADFD Project Facility, as part of an initiative it launched in 2013 with a commitment of $350m (AED1.3bn) over seven funding cycles to support renewable energy projects in Irena-member developing countries.
To date, ADFD has provided concessionary loans worth $245m (AED900m) for 24 renewable energy projects over six cycles of the Irena-ADFD Project Facility.
Commenting on the project, Mohammed Saif Al Suwaidi, director-general of ADFD, said: "ADFD is proud to have partnered with the Cuban government and Irena in completing this crucial 10MW solar PV project.
:We are confident that the impact from this renewable energy venture will ensure widespread economic, environmental, and social benefits to the Cuban people."
Almatrooshi added: "As an active member of the international community and under the leadership of the President HH Sheikh Khalifa bin Zayed Al Nahyan, the UAE proactively supports global efforts to achieve the outlined objectives of the UN’s Sustainable Development Goals (SDGs).
"The UAE and Cuba enjoy long-standing and robust bilateral relations. This project is a testament to cross-border collaboration in supporting transformative renewable energy projects across the world," he added, according to Wam.