Connect with us

Renewable Energy Times

Hive Energy creates JV with Shanghai Electric for 50-MW solar project in Cuba

Solar

Hive Energy creates JV with Shanghai Electric for 50-MW solar project in Cuba


November 7 (Solar) – Hive Energy Ltd has set up a joint venture with a UK unit of Chinese electrical equipment maker Shanghai Electric Group Co Ltd (HKG:2727) to realise a 50-MW solar project in Cuba.

In a statement published on Monday, Hive Energy said that the new JV with SE Energy Investment Co Ltd should begin construction work on the project in late November. As part of the scheme, they will build three solar parks totalling 50 MW in the Mariel Development Zone, which spans over 400 sq km (154.4 sq mi).

The total cost of the project is estimated at up to USD 60 million (EUR 52.2m). Completion is scheduled for the autumn of 2019.

This will be Cuba’s first utility-size solar park, according to Andrew Macdonald, director of Mariel Solar. The country has set a goal for renewables to cover 25% of overall generation by 2030.

(USD 1.0 = EUR 0.871)


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Solar

Categories

November 2018
M T W T F S S
« Oct    
 1234
567891011
12131415161718
19202122232425
2627282930  

Follow

Subscribe to notifications
To Top
%d bloggers like this: