The Indian energy company will also accept bids for a storage capacity of 150 MW/150 MWh.
State-owned utility NTPC, a partner of the International Solar Alliance, will help the Cuban government with developer selection and the signing of project agreements and will oversee solar plant implementation up to commissioning.
The Abu Dhabi Fund for Development will support half a dozen megawatt scale projects featuring solar in the Caribbean and Africa. In addition to around 42.5 MW of new solar capacity, the fund will also back the development of energy storage, waste-to-energy and biogas facilities.
With Decree No. 345, the Cuban government aims to encourage consumers to install rooftop PV projects. The new rules will help to facilitate the sale of surplus power within the national electricity system, among other matters.
The projects were developed under the auspices of an arrangement between the Abu Dhabi Fund for Development and IRENA which supplies concessional loan financing for renewables facilities.
According to local association, Cubasolar, the Cuban government introduced Law No. 345 at the end of March. The new rules will come into force after their publication in the country’s official journal.
Four more countries have ratified the International Solar Alliance (ISA) framework agreement, taking the total number to 19. On Wednesday December 6, the ISA will be established as a legal international intergovernmental body.