In just two months, the best opportunity to become familiar with the current business climate in Cuba and easily access top executives of hundreds of national companies begins: the International Fair of Havana (FIHAV, 2017). If you are considering adding the Cuban market into your business portfolio, the Expocuba fairgrounds, with their wide pavilions divided by industries and exhibiting countries, creates an ideal environment for introductions and negotiations. It is the most important business event of the year on the Island that includes the introduction by the Minister of Foreign Trade of the 2017/2018 Portfolio of Opportunities for Foreign investment.
The response that Cuban institutions and officials have offered us over the country's priorities for foreign investment, over and over again coincide: Energy and Infrastructure. The Cuban government plans to cover 24% of national energy demand with renewable energy sources by 2030 and, in order to meet this objective, has earmarked in its portfolio of foreign investment several projects based on Power Purchase Agreements (PPA) Which may be 100% owned by the foreign investor.
In this context, the next IX International Conference on Renewable Energies, Energy Saving and Energy Education (www.cuba-renewables.com), May 31 - June 2, will be held in Havana, where the main Cuban regulators and companies will participate. There will be three days of intense work and debate on the present and the future of renewable energies in Cuba.
In the words of Rodrigo Malmierca, Minister of Foreign Trade and Foreign Investment of Cuba and president of the Organizing Committee of the fair: "FIHAV is much more than an exhibition of products or a forum dedicated to business. We think that this event is a true expression of the friendship between our countries and of the growing possibilities of establishing commercial and investment pacts "(closing words).
Undoubtedly, the key to understanding the increase in participants for this business fair is the policy, consolidated two years ago, with a new Foreign Investment Law and the intention to attract these investments in the magnitude of 2000M a year, as well as the friendly welcome to the country and the care with which these processes have been developed. In total, 73 countries participated at the fair, with about 500 exhibitors, a number that exhausted the exhibition spaces and made it the largest in its history.
In the aftermath of the Energizing Cuba conference, where the Americas Society / Council of Americas and Cuba Strategies Inc. collaborated to discuss the subject of renewable energy in Cuba and its potential as an investment opportunity, journalist Yosvany Albelo Sandaran, from Oncuba, extended some questions to two of the members of Cuba Strategies Inc. Fragments of this interview were included in his article about the meeting involving businessmen, academics and students in NY. Cuba Strategies decided to publish the entire interview and to share some insights on issues that may be of interest to all of those who were aware of the event.
You can read the original article in Oncuba at the following URL: http://oncubamagazine.com/economy-business/energizing-cuba-opportunities-and-risks/
Organized in collaboration with Americas Society / Council of the Americas (AS/COA) and Cuba Strategies Inc., the Conference Energizing Cuba took place on October 7, 2016, in one of the beautiful salons of the AS/COA.
Around 8:30 am, the reception hall of the historic building began to fill with guests, participants, panelists and executives who had registered to learn about opportunities in Cuba. The meeting room was almost full when Alana Tummino, AS/COA’s Senior Director of Policy, began her introduction of the event. Immediately following, we had the privilege of introducing a high-level panel of specialists in energy engineering, legal consultancy, and international relations.
Hive Energy is set to become the first British company to net a major PV project contract in Cuba.
At the end of May they were awarded by Union Electrica de Cuba (UNE) with a contract to deliver a 50MW project to the Island. The project is going to be developed in the Mariel Free Zone, a huge new port which has been designed to act as a regional hub for Cuba
The American telecommunications company T-Mobile announced yesterday that they had signed an agreement for interconnection and roaming with the Cuban Telecommunications Enterprise (ETECSA). This agreement will allow greater communication between the US and Cuba and should allow an improvement in prices of voice calls as well as text messaging and roaming for those visiting the island, starting this summer.
Adonia Fathom, the cruise from Carnival, arrived today to Cuba, in a 7 days course that will include the cities of Havana, Cienfuegos and Santiago de Cuba. It is the first time after 50 years that an American cruise will reach Cuban port, something that was limited by the US trade embargo on the island.
"For us the possibilities are limitless" (1) were the words of Ralph Abraham, U.S. representative for the 5th Congressional District of Louisiana, who returned from a trade mission to Cuba on April 9th. The representative had coordinated the trip with Arkansas Congressman Rick Crawford and businessmen from both states. In the mission, there was also Senator Francis Thompson, from the agriculture committee, who also mention the trade potential between the two countries.
Any average day the Sun pours on Cuba 323 million barrels of crude oil, worth 9.7 billion USD at current prices. Put into perspective this is three times the annual energy consumption of the whole country (103 million barrels of oil equivalent). 14% of Cuba’s land area is covered by urban spaces, assuming 30% of this land area were roofs covered with photovoltaic panels with a 12% efficiency, Cuba could collect from its rooftops, in 63 days, its annual energy consumption.