Hive Energy in Cuba
Hive Energy has become the first British company to secure a major solar project contract in Cuba. The contract to deliver the 50MW solar development will be the first utility scale solar project to be built in the Caribbean and is expected to generate up to 93 GWh of electricity annually. The project is expected to be completed by 2018 in the Mariel Free zone, a huge new port which has been designed to act as a regional hub for the island.
Hive formed a joint venture with Shanghai Electric to build the park. The project was inaugurated by Prince Charles in April when construction commenced and is due to be fully operational before the end of 2019.
The country has plans to spend $3.5 billion in the coming years to increase its supply of renewable energy. In 2015 only 4% of Cuba’s electricity came from renewable sources; however, by 2020 the island plans to deliver over 20% utilisation of renewable energy and drive down the cost of electricity from its 2013 rates of $21.10kW to $17.90kW.