Berliner Boersenzeitung - Cuban blackout highlights urgency of boosting renewables: experts

EUR -
AED 3.862042
AFN 71.804229
ALL 98.797466
AMD 410.848078
ANG 1.899611
AOA 958.940084
ARS 1058.238507
AUD 1.620225
AWG 1.892645
AZN 1.789395
BAM 1.967098
BBD 2.128123
BDT 125.953443
BGN 1.956332
BHD 0.396362
BIF 3113.654377
BMD 1.051469
BND 1.420345
BOB 7.309987
BRL 6.106303
BSD 1.054054
BTN 88.858242
BWP 14.398702
BYN 3.449312
BYR 20608.799376
BZD 2.124603
CAD 1.482114
CDF 3017.717361
CHF 0.931823
CLF 0.037163
CLP 1025.434617
CNY 7.631781
CNH 7.633625
COP 4610.430258
CRC 537.123794
CUC 1.051469
CUP 27.863938
CVE 110.899869
CZK 25.280471
DJF 187.688029
DKK 7.458945
DOP 63.517579
DZD 140.586407
EGP 52.170119
ERN 15.77204
ETB 131.427132
FJD 2.391409
FKP 0.829943
GBP 0.835835
GEL 2.870265
GGP 0.829943
GHS 16.600348
GIP 0.829943
GMD 74.654183
GNF 9083.084398
GTQ 8.138513
GYD 220.516588
HKD 8.183129
HNL 26.634729
HRK 7.500403
HTG 138.343291
HUF 410.963645
IDR 16706.744023
ILS 3.829478
IMP 0.829943
INR 88.660528
IQD 1380.730543
IRR 44253.716178
ISK 145.081723
JEP 0.829943
JMD 167.279216
JOD 0.745807
JPY 161.530937
KES 136.168674
KGS 91.27086
KHR 4230.257223
KMF 493.08668
KPW 946.322022
KRW 1469.239507
KWD 0.323541
KYD 0.878345
KZT 526.313
LAK 23147.955604
LBP 94386.027846
LKR 306.711669
LRD 189.714255
LSL 19.056857
LTL 3.104715
LVL 0.636023
LYD 5.15863
MAD 10.589624
MDL 19.267668
MGA 4925.289533
MKD 61.559552
MMK 3415.131453
MNT 3572.892815
MOP 8.446615
MRU 41.912953
MUR 49.755948
MVR 16.245234
MWK 1827.697802
MXN 21.562203
MYR 4.686928
MZN 67.1904
NAD 19.056857
NGN 1769.759472
NIO 38.782387
NOK 11.685421
NPR 142.17627
NZD 1.797046
OMR 0.404805
PAB 1.054054
PEN 3.992029
PGK 4.245903
PHP 62.029854
PKR 292.749574
PLN 4.308154
PYG 8212.168477
QAR 3.845012
RON 4.976502
RSD 117.004332
RUB 110.908439
RWF 1439.152416
SAR 3.949844
SBD 8.822449
SCR 14.320848
SDG 632.459485
SEK 11.526107
SGD 1.415456
SHP 0.829943
SLE 23.868157
SLL 22048.791639
SOS 602.35403
SRD 37.320818
STD 21763.29276
SVC 9.222974
SYP 2641.848152
SZL 19.051426
THB 36.453918
TJS 11.235312
TMT 3.690657
TND 3.343207
TOP 2.462647
TRY 36.425338
TTD 7.15912
TWD 34.112826
TZS 2781.137122
UAH 43.741741
UGX 3905.431745
USD 1.051469
UYU 44.926765
UZS 13521.66479
VES 48.905782
VND 26723.093681
VUV 124.832555
WST 2.935272
XAF 659.740094
XAG 0.034439
XAU 0.0004
XCD 2.841648
XDR 0.806231
XOF 659.746405
XPF 119.331742
YER 262.78845
ZAR 19.031706
ZMK 9464.475804
ZMW 29.063935
ZWL 338.572704
  • CMSC

    0.0578

    24.73

    +0.23%

  • RBGPF

    0.8100

    61

    +1.33%

  • CMSD

    0.1200

    24.58

    +0.49%

  • GSK

    0.1900

    34.15

    +0.56%

  • AZN

    0.7700

    66.4

    +1.16%

  • RIO

    0.6300

    62.98

    +1%

  • BTI

    -0.0500

    37.33

    -0.13%

  • SCS

    0.4500

    13.72

    +3.28%

  • BP

    -0.4000

    29.32

    -1.36%

  • NGG

    0.1500

    63.26

    +0.24%

  • RYCEF

    0.0200

    6.79

    +0.29%

  • RELX

    -0.1800

    46.57

    -0.39%

  • JRI

    0.1600

    13.37

    +1.2%

  • BCE

    0.2500

    27.02

    +0.93%

  • BCC

    8.7200

    152.5

    +5.72%

  • VOD

    0.1800

    8.91

    +2.02%

Cuban blackout highlights urgency of boosting renewables: experts
Cuban blackout highlights urgency of boosting renewables: experts / Photo: ADALBERTO ROQUE - AFP

Cuban blackout highlights urgency of boosting renewables: experts

The massive blackout that plunged Cuba into darkness for four days highlighted the communist island's failure to end its near-total dependance on ageing oil-fired power plants by transitioning to renewables, experts say.

Text size:

A decade after the Cuban government said it aimed to produce 24 percent of its electricity from renewables by 2030 and in so doing reduce its dependence on oil imports it can ill-afford, the Caribbean island has made little progress.

In 2022, Cuba got only 5 percent of its electricity from natural sources, the Environmental Defense Fund, a US-based NGO, noted in a recent report, a small increase from 2014, when renewables provided 4.3 percent of its power.

Analysts cite the nation's crumbling grid as one of the factors impeding Havana's progress on the renewables front, along with Cuba's ongoing economic crisis, the worst the country's faced since the fall of the Soviet Union -- Cuba's chief ally and financial backer -- in the early 1990s.

Cuban economist Pedro Monreal also blamed the country's energy crisis on chronic underinvestment in energy infrastructure compared with what he called "excessive" spending on "little-used" tourism facilities.

Between 2020 and June 2024, tourism accounted for 38.9 percent of government spending, compared with only 9.4 percent on electricity, gas and water, he wrote on the social network X.

With several of the island's power plants dating back over 40 years, breakdowns have become more frequent.

A drop in the supply of cheap oil from leftist ally Venezuela, which is in the throes of its own severe economic crisis, has further aggravated the situation, leaving Cuba struggling to supply fuel to power its plants.

The result has been months of blackouts lasting up to 20 hours per day, culminating in a nationwide blackout on October 18 after the failure of the country's biggest power plant, Antonio Guiteras, which in turn crashed the national grid.

- 'Very precarious situation' -

In 2022, 48 percent of the fuel used in several floating power plants rented from Turkey as well as in the country's vast network of generators was imported, according to EDF.

In the past, much of the oil came from Venezuela, but with Venezuela's own economy in tatters, Caracas "actually started moving it to China because they had to pay off a lot of the debt that they owed to that country," Glen Sartain, general manager of West Monroe, a US-based energy consultancy, told AFP.

"Moving those crude oil resources to different countries really has put Cuba in a very precarious position with regard to the electricity," he added.

The Cuban government blames former US president Donald Trump's ramping up of a US embargo in force since 1962 for worsening the energy crisis.

"The main cause is our failure to access international financial markets for fuel," Energy Minister Vicente de la O Levy said.

The government, which is facing growing social discontent over the power outages, is in talks with Vietnam, China and the European Union about boosting renewable energy, according to several sources close to the issue.

In May, President Miguel Diaz-Canel said the country had signed agreements with unnamed parties "that will allow us to reach more than 2,000 megawatts in under two years" from renewables -- equivalent to the peak supply announced by the authorities for October 28.

- Sun and sugarcane -

So far, Cuba's timid renewables push has centred mainly on solar power and biomass.

Nearly a million Chinese solar panels have been installed across the island of 11 million people, with another 3.6 million planned over the next two years, according to government figures.

"Cuba has abundant renewable sources," Rosell Guerra Campana, director of renewables in the energy ministry, argued in late 2023, citing, "the sun, agricultural and forest biomass."

The island had made significant progress in transforming sugar cane - the country's most iconic export -- into bioethanol, Sartain said.

In contrast, building wind farms and installing solar panels is "very expensive" for the cash-strapped island, he noted.

For EDF, solving Cuba's energy challenges "will not be no small task" as it will require "substantial investments of capital, which have been hard to come by given real and perceived risks of investing in Cuba."

(H.Schneide--BBZ)