British cuban energy storage subsidy

Does Cuba have a comprehensive energy policy?

Cuba lacks a detailed strategic roadmap towards a comprehensive national energy policy that addresses these challenges. Since the government announced in 2014 a strategy to increase the share of renewable sources in electricity generation, that portion has hovered around 5% (4.8% in 2021).

Why is Cuba so dependent on imported energy?

With few traditional sources of its own, Cuba has always been dependent on imported energy. The replacement of the United States by the Soviet Union as the main trading partner and political ally was particularly visible in the change in supply of hydrocarbons.

Can Cuba recover from the energy crisis?

Cuba’s energy crisis is severe and the road to recovery will be a long one. Nonetheless, taking bold and aggressive steps now can result in enormous benefits for the Cuban people in both the near- and longer-term.

Does Cuba have a fuel problem?

In recent days, Cuban authorities have acknowledged that, beyond the deteriorating energy system or the increase in demand, the country’s main problem is the lack of fuel. Piñón points out that, last September, Venezuela sent Cuba half of the fuel it used to provide, that is, some 25,000 barrels.

Should Cuba recapitalize the sugarcane agro-industry?

The recapitalization of the sugarcane agro-industry deserves important attention within Cuba's future energy policy. This would bring considerable economic benefits: new capital investment, job creation, support for the balance of payments by reducing demand for imported oil, and create new sources of export revenue.

Does Cuba rely on fossil fuels?

Cuba’s power system is currently heavily reliant on fossil fuels. In 2022, fossil fuels accounted for about 95% of electricity generation, and about 48% of the fossil fuels used were imported, putting the country at high risk of price shocks and supply shortages.