Cuba targets solar power to offset a 60 percent fuel deficit as US sanctions and Venezuelan supply cuts deepen its energy crisis.
Cuba is accelerating solar energy projects to address a severe fuel shortage, fulfilling only 40 percent of its daily 100,000-barrel demand domestically. The deficit has worsened due to US sanctions and reduced fuel imports from Venezuela, leading to frequent blackouts and economic strain.
Prior to the Trump administration’s fuel blockade in January, Cuba relied heavily on Venezuelan oil. The country’s energy crisis has persisted for years, but recent geopolitical shifts have exacerbated supply constraints, pushing authorities toward renewable alternatives.
No immediate market reaction was reported, though long-term energy stability could reduce reliance on foreign fuel imports.