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Iberdrola Negotiating to Enter the Cuban Wind Market

Cuban wind market. Photo: Cuba Business Report staff.

The Spanish corporation Iberdrola, the largest producer of wind power, is in negotiations with the Cuban government for entry into the Cuban wind market.   They are in the preliminary stages of discussions with the Union Electrica de Cuba (UNE) for the installation of a 102 megawatt wind farm complex in Holguin province.

A UNE delegation recently visited the Iberdrola Renewable Energy Operation Center in Toledo,  Spain.  At this center, Iberdrola manages and controls its global electrical power generation facilities for renewable energy sources from here.  Spain is the world’s second biggest producer of wind power.  Source

If this project moves forward, this wind turbine farm would become the most important one in Cuba.  Cuba currently has four wind farms in operation (also located in Holguin) which generate a total 11.7 MW.  Holguin was chosen because of its wind conditions.

Iberdrola stated in a press release that the proposal “is part of a relevant project promoted by the Cuban Government to promote the use of renewable energy”, in order to “reduce the country’s fossil fuel dependence”.

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The Cuban Government is promoting the use of renewable energy on the island, aiming to reduce its dependency on fossil fuels in the coming decades. Cuba is currently producing only 4.3% of its electricity needs from renewable energy sources.  By the year 2030, the Island plans to power 24% of its electricity from renewable sources.  This presents a tremendous opportunity for clean energy electrical power groups.

Five decades of the U.S. embargo has made Cuba’s power grid both expensive and inefficient.  Cuba is now seeking renewable solutions to fuel the nation’s economy.

Iberdrola, a Spanish corporation is a world leader in the renewable energy sector.  Iberdrola manages large projects operating in over 30 countries globally including Mexico, Brazil, Costa Rica, Honduras and the United States.


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