
In addition to having some of the largest oil reserves in the world, Venezuela also has an impressive national renewable energy infrastructure. The only problem: the government has all but abandoned the projects. Fo. . At the moment, Venezuela’s energy infrastructure depends on hydroelectric power that. . The benefits of adopting renewable energy sources like solar or wind power are numerous. One benefit is the positive health impact of a transition away from fossil fuels: rene. . There are economic benefits to a transition to renewable energy sources as well. The Union of Concerned Scientists states that “on average, more jobs are created for each unit of elect. [pdf]

Venezuela has the world’s largest oil reserves and holds the 8th place in natural gas reserves (OPEC, 2017). It is also a net energy exporter with crude oil counting for more than 80% of the energy exports. In 2. . All the activities related to the generation, transmission, distribution and commercialization of the electricity are under the sole control of the vertically integrated and st. . Some challenges of the current business model are: Value proposition In the current business model, electricity is seen more as a political tool of the government rather than as a busine. . In the case of the Venezuelan energy sector, the energy transition could help to create the right market conditions to invest in other energy sources that until recently were not commer. . Energy companies around the world, especially in developed countries, are already preparing for the energy transition and changing their business models and strategies accord. [pdf]
Since 2013, Venezuela has been confronting a profound political, social, and economic crisis with a strong negative impact on the country’s energy sector. The crisis has severely affected the production of oil, natural gas, fuels, and electricity (Monaldi et al., 2021).
Since 2009, there have been no official statistics on the electricity and energy sectors. Since the end of the 19th century, the production of electricity has been steadily growing in Venezuela. In between, there were some jolts due to prolonged droughts associated with the El Niño phenomenon.
The Venezuelan electricity system has been designed so the main hydropower plants are located in the southern part of the country, taking advantage of multiple rivers and water reservoirs. Whereas, the thermal power plants are located throughout the whole country.
In this sense, Corpoelec has the opportunity to shape the future of the electricity sector in Venezuela by assuming an active role in the energy transition journey, rather than being a passive passenger.
In 2001, the Venezuelan Ministry of Energy and Mines estimated the unitary costs for solar PV to be in the range of 0,23 USD/kWh and 0,52 USD/kWh, and for wind power between 0,06 USD/kWh and 0,1 USD/kWh.
Note: Another article to be published soon will focus on the organization of the national electricity system and its regulatory framework. Venezuela has the world’s largest oil reserves and holds the 8th place in natural gas reserves (OPEC, 2017). It is also a net energy exporter with crude oil counting for more than 80% of the energy exports.

Modern society is aware of the importance of energy, as a fundamental resource for evolution, quality of life and sustainability. It thus dedicates important efforts to take advantage of existing energy sources. Countries. . ••The energy imbalance in Venezuela and the effects on the population.••. . BIDBanco Interamericano de DesarrolloCAFCorporación Andina de FomentoCORPOELEC. . Large sectors of society acknowledge the prominence of energy to support sustainability goals. This importance is especially recognized for renewable energy, with gro. . Venezuela plays an important role in global energy markets. Along with the rest of Latin American countries, it has evidenced different stages on its energy evolution. The understanding of. . The facts described indicate that Venezuela presents serious problems that impede the country to be addressed into the path of sustainability. The case is complex and multifaceted and. . Renewable energies have a fundamental role to play in order to support the improvement of the energy supply in Venezuela. The Venezuelan current conditions show t. [pdf]
We are deeply committed to excellence in all our endeavors.
Since we maintain control over our products, our customers can be assured of nothing but the best quality at all times.