VENEZUELA SMART SOLAR POWER MARKET TRENDS
We develop battery modules, racks and energy storage systems designed to power industrial applications across challenging sectors, including construction, maritime, defence, and grid
Economic Benefits: Solar energy offers economic advantages such as job creation, reduced dependence on fossil fuel imports, and potential cost savings in the long run. By investing in solar energy, Venezuela can stimulate economic growth, diversify its energy mix, and improve energy security.
It aims to develop the use of renewables within isolated rural communities includes solar. The future development of the solar energy sector in Venezuela with the growth of energy consumption and substitution of fossil fuels by renewable energy potential is likely to promote the solar energy market in Venezuela.
Energy Transition: The global trend towards clean and sustainable energy sources will influence the energy transition in Venezuela. Solar energy will play a vital role in reducing greenhouse gas emissions, meeting renewable energy targets, and diversifying the energy mix.
According to the latest statistics published by the International Renewable Energy Agency, Venezuela had around 5.32 MW of installed solar PV power generation capacity in 2019. In 2019, the Venezuelan government announced a plan to build its first utility-scale PV project to strengthen its National Electric System.
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