info@cubastrategiesinc.com (901) 563-CUBA (2822)

Cuba Sostenible

Invitation to participate in CIER, 2017, Havana, Cuba

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.

The Cuba Strategies, Inc. team will participate in this conference together with the Center for Energy, Development and Global Environment from the FUQUA Business School, Duke University, as well as with representatives from US energy companies, high-level US experts and graduate students from Johns Hopkins University.

If you would like to participate in this conference and join us in several exclusive meetings of our group with Cuban experts in renewable energy, Cuba-USA relations and foreign investment, as well as visit places related to renewable energies on the Island, please contact Guennady Rodriguez.

In September 2016, a forum for entrepreneurs was held in Havana to present investment opportunities in renewable energy, the first of its kind. In October of last year, our firm, Cuba Strategies Inc., in coordination with the Society of the Americas and the Council of the Americas, also organized a conference in New York, where Cuban and US specialists covered the renewable energy investment opportunities in Cuba as well as the respective Cuban United States regulatory frameworks. You can download the presentations by accessing this link: www.energizingcuba.com . A month later, at the 34th Havana Fair, the Minister of Foreign Trade and Foreign Investment, Mr. Rodrigo Malmierca Díaz, also reiterated the national interest in the field of renewable energy.

The country has faced major challenges in the field of energy for almost three decades. The disappearance of the Soviet Union and its Council for Mutual Economic Assistance (CAME), where Cuba obtained Soviet oil in exchange for Cuban sugar, led to the greatest energy crisis facing the nation in its modern history. The nineties were marked by systematic blackouts impacting every sphere of society and the Cuban economy. The government implemented several economic reforms aimed at obtaining foreign exchange and managed to mitigate, to a certain extent, the effects of Cuban dependence on Soviet trade, but it was not until after 1998 and the electoral victory of the United Socialist Party of Venezuela (PSUV), led by Hugo Chavez, that the cooperation agreements with the Bolivarian Republic of Venezuela provided Cuba with a new stable fuel market. The supply of oil was not the only problem faced by Cuban leaders; the lack of an appropriate infrastructure for demand led to a process called the "energy revolution", which was essentially a process of decentralization of electricity generation and allowed during the 2000s, that the electrical interruptions practically disappeared.

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