Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Cuba reconnects electrical grid but millions still without power
    Finance

    Cuba Reconnects Electrical Grid but Millions Still Without Power

    Published by Global Banking & Finance Review®

    Posted on March 17, 2026

    3 min read

    Last updated: March 17, 2026

    Cuba reconnects electrical grid but millions still without power - Finance news and analysis from Global Banking & Finance Review
    Tags:FinanceBankingMarketsEnergyLatin America

    Quick Summary

    Cuba’s national electrical grid was largely reconnected by March 17, 2026, restoring power across most provinces, but generation remains critically low amid fuel shortages and aging infrastructure. Millions remain without reliable electricity despite progress.

    Table of Contents

    • Widespread Blackouts and Ongoing Crisis in Cuba
    • Grid Collapse and Initial Restoration Efforts
    • Challenges in Electricity Generation
    • Impact on Daily Life
    • Uncertainty Over Cause and Contributing Factors
    • Diplomatic Efforts and Social Resilience
    • Time to Talk: U.S.-Cuba Negotiations
    • Business Initiatives Amid Crisis
    • Endurance of the Cuban People
    • Voices from Havana

    Cuba Restores Parts of Grid but Millions Still Suffer Power Outages

    Widespread Blackouts and Ongoing Crisis in Cuba

    By Dave Sherwood and Daniel Trotta

    Grid Collapse and Initial Restoration Efforts

    March 17 (Reuters) - Cuba has reconnected its electrical grid across much of the island, the Energy and Mines Ministry said early on Tuesday, just hours after U.S. President Donald Trump escalated his rhetoric against the communist-run island, saying he could do anything he wanted with Cuba.

    Cuba's national electric grid collapsed on Monday, leaving about 10 million people without power amid a U.S.-imposed oil blockade that has crippled the island's already obsolete generation system.

    Energy officials said they had reconnected the grid from westernmost Pinar del Rio province to Holguin, near the eastern tip of the island. Santiago de Cuba, the country's second-largest city, remained offline, the reports said.

    Challenges in Electricity Generation

    Electricity generation, hampered by fuel shortages and antiquated power plants, remains sharply depressed across the island despite grid recovery efforts, providing scarce relief for Cubans already exhausted from months of blackouts.

    Most Cubans, including those in the capital Havana, were seeing 16 or more hours of blackout daily even before the latest grid collapse, testing the patience of residents accustomed to hardship.

    Impact on Daily Life

    "It affects every aspect of our lives," said Havana resident Carlos Montes de Oca, who said the outages had thrown simple necessities such as food and water supply into disarray. "All we can do is sit, wait, read a book... otherwise the stress gets to you."

    Uncertainty Over Cause and Contributing Factors

    Cuba has yet to say what caused Monday's nationwide grid failure, the first such collapse since the United States cut off Cuba's oil supply from Venezuela and threatened to slap tariffs on countries that ship fuel to the island nation.

    Much of Cuba was overcast on Monday morning as a cold front neared the island, casting shadows on the solar parks that account for a third or more of daytime generation.

    Cuba has received only two small vessels carrying oil imports this year, according to LSEG ship tracking data seen by Reuters on Monday.

    Diplomatic Efforts and Social Resilience

    Time to Talk: U.S.-Cuba Negotiations

    Cuba and the United States have opened talks aimed at defusing the crisis, among the most acute since 1959, when Fidel Castro forced a former U.S. ally from power on the island.

    Neither side has provided details of the ongoing negotiations, though Trump has portrayed Cuba as desperate to make a deal.

    Business Initiatives Amid Crisis

    Monday's grid collapse overshadowed Cuba's invitation to Cuban Americans and other exiles living abroad to invest in and own businesses on ‌the island, in an apparent gesture of goodwill amid the talks.

    Endurance of the Cuban People

    Despite the hardships and rhetoric, Cubans who for decades have ridden out good times and bad, saw little choice but to stay calm.

    Voices from Havana

    "We still don't have power at my house," said Havana resident Juana Perez. "But we'll take it in stride, as we Cubans always do."

    (Reporting by Dave Sherwood and Daniel Trotta in Havana, additional reporting by Aida Pelaez-Fernandez, Alien Fernandez and Anett Rios;Editing by David Goodman and Bill Berkrot)

    Key Takeaways

    • •Grid restarted from Pinar del Río to Holguín, but major areas like Santiago de Cuba remain offline, leaving many without power. (apnews.com)
    • •The blackout is tied to an acute energy crisis—triggered by a U.S.-imposed oil blockade, blocked fuel imports, and chronic underinvestment in aging thermoelectric plants. (apnews.com)
    • •Solar parks provide some relief during daylight hours, but without storage and thermal backup, they are insufficient to fully meet demand or prevent outages. (en.cibercuba.com)

    References

    • Islandwide blackout hits Cuba as it struggles with deepening energy crisis
    • Protest in central Cuba at local communist headquarters ends in 5 arrests
    • The Cuban Electric Union reiterates that solar parks do not solve the problem

    Frequently Asked Questions about Cuba reconnects electrical grid but millions still without power

    1What caused the nationwide power outage in Cuba?

    The article states that Cuba's grid failure occurred amid a U.S.-imposed oil blockade and fuel shortages affecting its aging generation system. An official cause has not yet been announced.

    2How many people were affected by the blackout in Cuba?

    About 10 million people were left without power after the collapse of Cuba's national electric grid.

    3Has Cuba restored electricity after the blackout?

    Cuba has reconnected much of the electrical grid across the island, but millions, including in major cities like Santiago de Cuba, remain without power.

    4How has the U.S. oil blockade impacted Cuba's electricity supply?

    The U.S. oil blockade has limited fuel supplies to Cuba, worsening generation issues and leading to prolonged blackouts for residents.

    5Are there ongoing efforts to resolve the crisis?

    Cuba and the United States have initiated talks aimed at easing the crisis, with few details yet released about the negotiations.

    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Finance PostInside the Ukrainian Interceptor Drones Wanted Around the Gulf
    Next Finance PostAnalysis-Debt Investors Offloading Exposure to Software Companies Is Latest Sign of Pain  
    More from Finance

    Explore more articles in the Finance category

    Image for Zara launches two-year collaboration with designer John Galliano
    Zara Launches Two-Year Collaboration With Designer John Galliano
    Image for Italy's Meloni joins rapper's podcast to sway justice referendum
    Italy's Meloni Joins Rapper's Podcast to Sway Justice Referendum
    Image for Honeywell, Howmet juggle rising defense demand and commercial aerospace boom
    Honeywell, Howmet Juggle Rising Defense Demand and Commercial Aerospace Boom
    Image for UBS comfortable with exposure to private credit funds, CFO says
    UBS Comfortable With Exposure to Private Credit Funds, CFO Says
    Image for Turkey ready to host next round of Russia-Ukraine talks, Fidan tells Lavrov
    Turkey Ready to Host Next Round of Russia-Ukraine Talks, Fidan Tells Lavrov
    Image for Microsoft unifies Copilot commercial and consumer product teams in unit rejig
    Microsoft Unifies Copilot Commercial and Consumer Product Teams in Unit Rejig
    Image for Russia's March oil and gas revenues expected to fall 52% year-on-year
    Russia's March Oil and Gas Revenues Expected to Fall 52% Year-On-Year
    Image for Inside the Ukrainian interceptor drones wanted around the Gulf
    Inside the Ukrainian Interceptor Drones Wanted Around the Gulf
    Image for Analysis-Debt investors offloading exposure to software companies is latest sign of pain  
    Analysis-Debt Investors Offloading Exposure to Software Companies Is Latest Sign of Pain  
    Image for France will never take part in operations to unblock Hormuz Strait amid hostilities, says Macron
    France Will Never Take Part in Operations to Unblock Hormuz Strait Amid Hostilities, Says Macron
    Image for Mastercard, Visa can appeal UK ruling that merchant fees breach antitrust law
    Mastercard Visa Can Appeal UK Ruling That Merchant Fees Breach Antitrust Law
    Image for Two more Italian fashion firms put under judicial control over suspected labour exploitation
    Two More Italian Fashion Firms Put Under Judicial Control Over Suspected Labour Exploitation
    View All Finance Posts