ADFD-Funded $15 Million Solar Plant Gets Capacity Boost to 15MW
The 10-megawatt solar photovoltaic plant, which was inaugurated in Cuba last year, has recently received a capacity boost to 15MW. The grid-connected project, financed by Abu Dhabi Fund for Development (ADFD), one of Abu Dhabi’s leading financial institutions, currently supplies enough electricity for an estimated 10,000 homes.


The funding is part of ADFD’s commitment of US$350 million to support renewable energy uptake in developing countries through seven annual selection and funding cycles, starting in 2013.


Commenting on the occasion, HE Mohammed Saif Al Suwaidi, Director General of ADFD, said: “With fossil fuels falling out of favour due to their rising costs as well as their harmful environmental impact, countries are increasingly turning to alternative options like renewable energy. “Luckily, unlocking the untapped natural energy in a sustainable manner is easier than ever, thanks to rapid advancement of technology.”