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Cuba

Critical minerals, policy, and the energy transition

The Energy Transition in Cuba

Cuba’s energy transition is shaped by efforts to reduce its dependence on imported fossil fuels, enhance energy security, and diversify its energy mix through renewables. The Cuban Renewable Energy Development Policy and the National Economic and Social Development Plan 2030 set targets for renewables to contribute 24% of electricity generation by 2030, focusing on solar PV, wind, biomass, and small hydropower. State-owned Unión Eléctrica (UNE) oversees the sector, with government initiatives encouraging foreign investment and technology transfer despite longstanding US sanctions that complicate access to financing and equipment. While Cuba possesses some mineral resources, including nickel and cobalt, both critical for battery technologies and renewables, the bulk of these are exported, not processed locally for domestic energy use. Renewable deployment faces challenges from ageing infrastructure, grid instability, hurricane risks, and financing constraints. However, opportunities exist through international cooperation, particularly with partners such as China, Russia, and the EU, in addition to regional organisations like ALBA and CELAC. Cuba’s mineral wealth, combined with its renewable targets and strategic focus on energy diversification, positions the country to advance its energy transition while navigating complex geopolitical and economic conditions.

Cuba's international economic, trade, and security alliances
Cuba's energy and power mix

The journey of Central America and The Caribbean's critical minerals

Central America's progress in renewable energy is anchored on essential minerals like lithium, nickel, cobalt, PGMs, rare earths, and minor metals. These are crucial for advancing low carbon and future technologies, backed by policies promoting sustainable mining and innovation. This strategy emphasizes the significance of these minerals in paving the way toward a sustainable and energy-secure future. Learn how these critical minerals are fundamental to Central America's transition to sustainable energy.

Critical Minerals, Energy, Policy and Legislation

SFA (Oxford) leads the way offering authoritative analysis of national policies to critical minerals management.

Central America and the Caribbean

Central America and the Caribbean's geothermal and bauxite resources are central to regional energy strategies. The economic emphasis is leveraging geothermal potential for sustainable energy and exploiting bauxite within environmentally sensitive frameworks.

Rare Earths Elements

Critical components powering the global economy, from high-tech consumer electronics to essential renewable energy technologies.

Minor Metals and Minerals

Minor metals play a pivotal role in advancing the energy transition by enabling significant improvements in energy efficiency and the performance of clean energy technologies.

Meet the Critical Minerals team

Trusted advice from a dedicated team of experts.

Henk de Hoop

Chief Executive Officer

Beresford Clarke

Managing Director: Technical & Research

Jamie Underwood

Principal Consultant

Ismet Soyocak

ESG & Critical Minerals Lead

Rj Coetzee

Senior Market Analyst: Battery Materials and Technologies

How can we help you?

SFA (Oxford) provides bespoke, independent intelligence on the strategic metal markets, specifically tailored to your needs. To find out more about what we can offer you, please contact us.

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