China and Cuba link up to sign renewable energy agreements

Chinese and Cuban firms have teamed up to sign agreements in order to strengthen renewable energy ties.

The agreements were inked at a three-day renewable energy forum, which took place in Cuba. According to Xinhua.com, the form analysed cooperation strategies to expand the development of renewable energy in Cuba.

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).

Chengkui, who led the Chinese delegation to the event, said this business forum was an efficient way for the CCID and the Cuban Ministry of Industries to explore cooperation potentials.

Agreements signed between the two sides included a memorandum of understanding between Cuban Electronics Group and Chinese company Haier for the establishment of a joint venture and a R&D centre for renewable energies.

"Cuba has very positive ideas for the development of its renewable industry. With the knowledge and experience of China, we can jointly promote and develop Cuba's renewable sector," said Chengkui after the deals were signed.

Cuba is keen to increase the use of renewable energy, especially wind and solar. Currently 4.65 % of its energy use is generated by renewable or clean resources but the country plans to increase the ratio to 24% by 2030.