Mayabeque, Cuba_ Assyce Yield Energía S.A. and EFF Solar S.A., companies with hundred percent Spanish and German capital, respectively, and established in Cuba this year, will install solar panels to generate 100 megawatt / hour of electricity in Mayabeque and other provinces of the country.

Déborah Rivas, Director General of Foreign Investment, of the Ministry of Foreign Trade and Foreign Investment (Mincex), explained that it is expected that in 2018 both companies begin to tribute electricity to the National Electro energetic System.

At the XXXV International Fair of Havana, EFF signed a contract with the Electric Union of Cuba, which establishes the sale of 45 megawatt / hour to Mayabeque and Matanzas for a period of 25 years.

Since the enactment in Cuba of the Foreign Investment Law 118, in 2014, the Island gave the green light to 22 reinvestments, 25 new businesses in the Mariel Special Development Zone and another 85 outside that area, with companies from over 20 countries.

The majority of these businesses approved to date, with capital of more than four billion dollars, are concentrated in tourism, industry, energy, construction, the logistics, agroforestry and food sectors, oil prospecting, the area financial banking, mining and transportation.

According to Rodrigo Malmierca, the Cuban minister of Mincex, until last October, Cuba had already approved 30 foreign investment businesses, with which it achieved, for the first time, the goal of attracting foreign capital for more than two billion dollars.

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