Venezuela solar panel size specifications

How much solar power does Venezuela have?

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.

What factors affect solar energy development in Venezuela?

Venezuela’s geographical location near the equator provides abundant sunlight and favorable conditions for solar energy generation. However, regional variations in solar irradiation, population density, electricity demand, and infrastructure influence the pace of solar energy development.

What are the economic benefits of solar energy in Venezuela?

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.

How much wind power does Venezuela have?

At the end of 2019, Venezuela held 71.28 MW of installed wind capacity, a much higher capacity compared to the solar PV installed capacity as of 2019. Venezuela is also planning to build wind farms with a generating capacity of 10,000 MW over the next 15 years.