Hive and Shanghai Electric to build 50MW of solar in Cuba

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

Solar developer Hive Energy and SE Energy Investment Co, a UK subsidiary of Chinese equipment manufacturing conglomerate Shanghai Electric Group, have formed a joint venture to build and operate 50MW of solar PV in the Mariel Development Zone, Cuba.

The project comprises three separate installations that are expected to generate over 100,000MWh of power annually. Construction is expected to begin in late November 2018 and will require investment of up to US$60 million. Full operation is planned for the autumn of 2019. Hive announced the project back in 2016.

Giles Redpath, CEO of Hive Energy, said: “We have been working in Cuba for many years to realise this project. We are delighted to be partnering with Shanghai Electric who also have considerable in-country experience.  We are proud that this project will reduce Cuba’s dependency on expensive foreign oil and help them reach their renewables target.”

Andrew Macdonald, director of Mariel Solar, added: “This exciting project is Cuba’s first utility-size solar park. The project will provide a good boost toward reaching the renewable targets of 2030, producing significantly cheaper energy than the average cost of generation today.”

Cuba has a renewable target of 25% of overall generation by 2030.

Read Next

March 30, 2021
A round-up of project updates from across the global solar industry, including updates from Israel's Shikun & Binui, independent power producer Sonnedix and UK-based Hive Energy.
October 26, 2020
A round-up of the latest news in solar project development worldwide, featuring news from EDF Renewables, Hive Energy, Sterling and Wilson and Disneyland Paris, of all places.
October 9, 2020
A round-up of the latest solar project development news from around the world, as Sungrow wins a significant order for its 1500V inverters, Scatec Solar completes a notable project in Malaysia and Hive Energy continues Spain’s solar run.
August 18, 2020
Module manufacturer JinkoSolar and EPC Shanghai Electric have reached a strategic partnership agreement as they look to jointly contribute to the development of the global solar market.
July 29, 2020
ACWA Power has once again turned to Chinese EPC Shanghai Electric to be the engineering, procurement and construction contractor for the fifth phase of the Mohammed bin Rashid Solar Park in Dubai.
May 29, 2020
The UK government has green lit what stands to be the country’s largest solar farm, a 350MW project by the south east coast.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
July 29, 2021
Webinar
Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021