Cuba alternative energy company

What are the major energy companies in Cuba?

UNE (Unión Eléctrica) is responsible for the generation, transmission, distribution, and commercialization of electrical energy. CUPET (Unión Cuba-Petróleo) is the state-owned oil firm and Cuba's largest oil company. Other companies operating in Cuba's energy sector include Energas, Inter RAO, Zerus, Havana Energy, and Siemens.

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.

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).

What is the energy source in Cuba?

[español] • [português] Oil and natural gas provide roughly 80% of Cuba's total energy supply, with biofuels and waste accounting for most of the remaining 20%. In 2020, 95.1% of electricity generated in Cuba came from non renewable resources and the remaining 4.9% from renewable sources (3% biomass, 0.8% solar, 0.6% hydro, and 0.5% wind).

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.

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.