Deals Counterparts

China to build 92 solar parks in Cuba

Development Solar announced Cuba Feb 25, 2026
USD16M
Deal Value
2000 MW
Capacity
development
Stage

China committed to building 92 solar parks in Cuba by 2028 with a combined capacity of approximately 2,000 megawatts. Each park costs approximately $16 million in imported equipment, with Cuban investment covering domestic infrastructure.

Deal Analysis

This deal involves China's commitment to develop 92 solar parks in Cuba by 2028, totaling 2,000 MW of capacity. The project is structured with China, through SunRise Solar, providing approximately $16 million in imported equipment per park, while Cuba is responsible for domestic infrastructure investments. This development signifies a substantial investment in renewable energy infrastructure for Cuba, addressing its energy needs and potentially reducing reliance on traditional energy sources. The involvement of China, a major global infrastructure investor, and SunRise Solar, a specialized solar energy company, underscores the strategic importance of this project for both nations.
  • 2,000 MW of solar capacity to be added in Cuba by 2028.
  • China's involvement highlights its growing role in global infrastructure development.
  • SunRise Solar's participation indicates a focus on specialized solar energy solutions.
  • Deal structure involves shared investment responsibilities between China and Cuba.
Market Context: The solar energy sector is experiencing rapid growth globally, driven by increasing demand for renewable energy sources and declining technology costs. Cuba, like many island nations, faces unique energy challenges and is actively seeking to diversify its energy mix and reduce its carbon footprint. This deal aligns with global trends towards renewable energy adoption and represents a significant investment in Cuba's energy infrastructure.

Source Intelligence

KEY DETAILS

China donated approximately 70 tons of power generator parts and committed to installing 10,000 photovoltaic systems for isolated homes and critical facilities including maternity wards and clinics.", "quote": "Beyond large solar farms, China donated approximately 70 tons of power generator parts and committed to installing 10,000 photovoltaic systems for isolated homes and critical facilities including maternity wards and clinics.

Deal Size
Each park costs approximately $16 million in imported equipment, with Cuban investment covering domestic infrastructure.
Capacity
China committed to building 92 solar parks by 2028 with combined capacity of approximately 2,000 megawatts, nearly matching Cuba’s entire current fossil fuel generation capacity.
Location
China committed to building 92 solar parks in Cuba by 2028
Expected Close
China committed to building 92 solar parks by 2028 with combined capacity of approximately 2,000 megawatts
PARTIES MENTIONED IN SOURCE
C
China developer

"China committed to building 92 solar parks by 2028 with combined capacity of approximately 2,000 megawatts"

C
Cuba buyer

"Each park costs approximately $16 million in imported equipment, with Cuban investment covering domestic infrastructure."

high quality Enriched Feb 26, 2026

Timeline

Announced
Feb 25, 2026
Signed
Closed

Market Context

This deal is part of the Solar sector in Cuba.
499
Solar deals
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deals in Cuba
1 of 472 Solar deals tracked this month · Updated daily

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