The International Solar Alliance (ISA), in partnership with the government of Republic of Cuba and NTPC Limited, the project management consultant, has announced a request for qualification (RfQ) for setting up 1,150 MW solar project to be implemented in Cuba.
The project is part of Cuba’s plan to implement 2,100 MW of solar projects, reducing the reliance on expensive and polluting diesel generators and increasing its green energy portfolio. It also includes the building of 150 MW/150 MWh of storage to support grid reliability. The project will be supported by a functional scheme that guarantees the return of investments and the benefits accruing from the savings of fossil fuels from the project. A sovereign guarantee is also being extended to the project along with other guarantees as per Cuban legislation. The project will receive priority with relevant procedures and permissions expedited in accordance with the regulations for Cuban foreign investment.