Chinese and Cuban energy firms have signed agreements to boost the development of renewable energy in Cuba. The two countries are also working together on a plan for developing Cuba's oil reserves through joint exploration with China National Petroleum Corporation (CNPC) and PetroCaribe de Venezuela (PCV). Both countries are interested in developing the renewable energy industry as it is a highly efficient way to boost the development of the economy, said Gu Chengkui, an expert from China Center for Information Industry Development (CCID). Currently 4.65% of Cuba’s energy mix is clean, but the country plans to increase this to 24% by 2030. The agreements were made at a three-day renewable energy forum in Cuba.
Chinese and Cuban energy firms have signed agreements to boost the development of renewable energy in Cuba. The two countries are also working together on a plan for developing Cuba's oil reserves through joint exploration with China National Petroleum Corporation (CNPC) and PetroCaribe de Venezuela (PCV). Currently 4.65% of Cuba’s energy mix is clean, but the country plans to increase this to 24% by 2030. The agreements were made at a three-day renewable energy forum in Cuba.