Active Development AidData Chinese Aid

China Eximbank provides loan to EDIFRE for 40 Solar Farms Project

$12M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Renewable Energy Sources Investment Company (EDIFRE)
Country	Cuba
Start Date	Jan 01, 2017
End Date	Sep 29, 2027
Duration	3,923 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`54750`

Grant Description

China Eximbank provides loan to EDIFRE for 40 Solar Farms Project In 2017, China Eximbank agreed to provide a 12 million peso loan (approximately $480,000 USD) to EDIFRE, a Cuban state engineering company, for the construction of 40 solar farms in the Sancti Spirítus province, totaling 100 MW of photovoltaic installations.

📋 Loan / Grant Terms

💰 Loan Amountterms are unclear

The Electric Company of Sancti Spirítus is the contractor for this endeavor.

The known solar farms are as follows: Guane-Mantua: 4 MW Pinar 220A: 4 MW Yaguaramas: 5 MW Morón: 5 MW Miramar: 3 MW Guasimal: 4.4 MW Yaguajay: 2.2 MW Arroyo Blanco: 2.2 MW In 2017, construction began on a 4.4 MW solar PV plant in the Guasimal, Sancti Spiritus province. The plant was completed and officially powered "on" in March, 2018.

As of 2018, plans to install another six parks in Sancti Spíritus are in motion. Two of these will be located in Yaguajay and Arroyo Blanco and will have an installed capacity of 2.2 MW each.

📋 Staff Comments

According to a Korean Government report on Cuba's renewable energy sector, this project is separate from the solar farms projects financed by MOFCOM and CDB in 2015, captured in project #54762 and #54761 respectively.

📚 Sources & References

Cuba seeks to boost solar panel output with China's help, 2017 Resource Guide
Knowledge Sharing Program (Industry & Trade) with Cuba
Cuba will inaugurate in March the third photovoltaic park of Sancti Spíritus
Cuba breaks ground on 4.4 PV plant - report
CUBA USES NEW TECHNOLOGY TO CONSTRUCT PHOTOVOLTAIC SOLAR PARKS
Cuba uses new technology to set up photovoltaic solar parks
Cuba plans to switch on 4.4 MW solar farm in March
Financing Renewable Energy in Cuba
Prince Charles cuts ribbon for Chinese-funded solar project at Mariel Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.