Cuba has expanded the incentives for importing renewable energy equipment as part of its efforts to increase solar power generation amid a prolonged electricity crisis. China has recently delivered an additional 5000 photovoltaic systems to Cuba.
Cuba’s Ministry of Finance and Prices signed a resolution that replaces regulations approved in February and consolidates into a single document tax benefits for individuals and companies that adopt renewable energy technologies. The resolution eliminates tariffs on imports of photovoltaic solar systems and their main components. The resolution also covers solar water heaters, photovoltaic pumps, small wind turbines, biodigesters, solar lighting, and air conditioning systems powered by renewable energy sources.
The measure seeks to make these technologies more accessible to the state sector, private companies, and individuals as Cuba tries to increase renewable power generation and ease pressure on its deteriorating electrical system.