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India Offers Credit to Cuba for Renewable Energy Projects

According to reports, India is offering lines of credit to Cuba to set up renewable-energy projects that would help reduce the Caribbean nation’s dependence on oil imports.

Indian Renewable-Energy Minister Farooq Abdullah met Marino Murillo, vice president of Cuba’s council of ministers, to offer assistance, according to an Indian government statement.

Cuba, seeking to diversify its energy mix and curb reliance on crude imports, consumes three times as much oil as it produces, according to the U.S. Energy Information Administration. The island nation asked for India’s help in developing wind farms and power plants that run on bagasse, a waste product of sugar cane, according to the statement.

The politicians’ meeting follows a trip by Abdullah to Santiago, Chile, last week where the two countries also agreed to cooperate on renewable projects. India, Asia’s biggest wind market after China, plans to double clean-energy capacity to about 60 gigawatts by 2017, the statement shows.

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