Does Venezuela need an energy transition?
It is unmistakable that Venezuela needs an energy transition to reach the goals of sustainability and poverty reduction. Based on the current national reality, the recommendations to improve the Venezuelan energy sector will be presented from two different perspectives.
Does Venezuela need a new electrical system?
In fact, the Venezuelan plan for the development of the national electrical system for – highlights the operational unavailability of several facilities currently in operation and others to be installed and points out the necessity to install additional generation capacity to restore the energy balance. 2.3. Past data and key insights
Are wind and solar projects competitive in Venezuela?
In general, experts warn that the existing Venezuelan regulatory framework makes wind and solar projects not competitive and this creates additional risks for the development of such energy potential , , . The severity of all such factors evidence the difficulties to develop a sustainable energy sector in Venezuela , .
Does Venezuela favor fossil fuel energy instead of renewables?
REVE alerts of its concerns that the Venezuelan government favors fossil fuel energy instead of renewables and has abandoned renewable initiatives, with results which are totally opposite to the incipient interest of renewables development.
Are there any official records about wind and solar projects in Venezuela?
Regrettably, there are no official records about them . In general, experts warn that the existing Venezuelan regulatory framework makes wind and solar projects not competitive and this creates additional risks for the development of such energy potential , , .
What is the electricity supply in Venezuela?
Table 1. Electricity supply in Venezuela (MW). Source: Authors’ adaptation from , . Considering that in the Venezuelan total electricity demand was around 18,300 MW there is a significant deficit of MW , .
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