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.
What is the Venezuelan energy framework?
The Venezuelan energy framework 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 some relevant facts about this sector is needed to evaluate current conditions and challenges.
How much electricity does Venezuela need?
Considering that in 2016 the Venezuelan total electricity demand was around 18,300 MW there is a significant deficit of 1800 MW , . Table 2, Table 3 present some details of the current advances of the main hydro and thermoelectric on-going projects in Venezuela as well as the investments made for their development.
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 , .
Why is the Venezuelan energy crisis a paradox?
Such paradox is part of the Venezuelan energy crisis that causes severe consequences to Venezuelan society. In addition to the underutilization of renewable resources, at the beginning of the 21st century, Venezuela faced worse scenarios.
What are the main issues facing Venezuela?
The energy imbalance in Venezuela and the effects on the population. Lack of energy policy programs to introduce renewable energies. Recommendations to implement renewable energy projects. Need for an energy transition towards sustainability.
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