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Overview

China Development Bank lends $150 million for 8 Photovoltaic Energy Projects

Commitments (Constant USD, 2023)$163,608,236
Commitment Year•2016Country of Activity•CubaDirect Recipient Country of Incorporation•CubaSector•EnergyFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Feb 5, 2016

Geospatial footprint

Map overview

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China Development Bank lends $150 million for 8 Photovoltaic Energy Projects. More detailed locational information can be found at: Province: Pinar del Rio; Park: Troncoso 2; https://www.openstreetmap.org/relation/1854617 Santiago de Cuba; Park: II Frente Mayarí- 2; https://www.openstreetmap.org/relation/5904277 Guantánamo; Park: La Yaya; https://www.openstreetmap.org/node/1550554736 Guantánamo; Park: Santa Teresa IV; https://www.openstreetmap.org/relation/1854634 Granma; Park: Guamo Viejo; https://www.openstreetmap.org/node/3849004394 Granma; Park: Yarey 2;https://www.openstreetmap.org/relation/1854633 Camagüey; Park: Lugareño; https://www.openstreetmap.org/node/7377424535 Camagüey; Park: Lesca; https://www.openstreetmap.org/node/1536836370

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

  • China Development Bank (CDB)

Receiving agencies

Government Agencies

  • Government of Cuba

Loan desecription

China Development Bank lends $150 million for 8 Photovoltaic Energy Projects

Interest type•Unknown

Narrative

Full Description

Project narrative

On February 5, 2016, the China Development Bank (CDB) reportedly agreed to issue loans for the installation of photovoltaic facilities at eight Cuban solar farms, amounting to 100 MW in capacity. The borrowing terms are unknown. The CDB-financed projects included: - Province: Pinar del Rio; Park: Troncoso 2; Power capability MW: 1,4 - Province: Santiago de Cuba; Park: II Frente Mayarí- 2; Power capability MW: 2,4 - Province: Guantánamo; Park: La Yaya; Power capability MW: 1,2 - Province: Guantánamo; Park: Santa Teresa IV; Power capability MW: 1,4 - Province: Granma; Park: Guamo Viejo; Power capability MW: 1,2 - Province: Granma; Park: Yarey 2; Power capability MW: 2,4 - Province: Camagüey; Park: Lugareño; Power capability MW: 2,5 - Province: Camagüey; Park: Lesca; Power capability MW: 2,5

Staff comments

1. The Knowledge Sharing Program source is from 2016-2017. The Chinese Embassy source is from 2015. The financial commitment (transaction) year is uncertain but is likely 2015 on 2016. One source says the actual agreement was signed in February 2016. This issue warrants further investigation