Can you make it big in Venezuela's solar market?

If the answer is yes, you can make it big in Venezuela’s budding solar market. Venezuela enjoys a healthy presence of residential and commercial solar equipment manufacturers and distributors. These entities specialize in a wide variety of equipment including, solar panels and inverters.

Does Venezuela have a solar panel factory?

The engineer says: “It’s incredible, but in Venezuela, in the industrial region of Paraguaná, we have a solar panel factory, but it doesn’t have any staff. There’s materials in the storage facilities to produce for three years and supply the entire country with alternative systems.

Who owns the power plants in Venezuela?

EDC has 11% of Venezuelan capacity, and owns the majority of conventional thermal power plants. The rest of the power production is owned by private companies.

Will Venezuela have a solar market in 2021?

In June 2021, Venezuelan authorities brought the first grid-connected photovoltaic system online. This project came in the wake of the Venezuelan government’s plan to build a prominent renewable energy capacity. Based on these new developments, there is no doubt that things are looking up for the Venezuelan solar market.

How much solar power does Venezuela have?

As of 2019, Venezuela’s installed solar capacity stood at 5.32 Megawatts. In June 2021, Venezuelan authorities brought the first grid-connected photovoltaic system online. This project came in the wake of the Venezuelan government’s plan to build a prominent renewable energy capacity.

Why is Venezuela a good country for solar energy?

Solar Potential: Venezuela is blessed with abundant sunlight due to its geographical location. This enables the country to harness solar energy efficiently and generate substantial electricity from solar power plants. The high solar irradiation levels provide a favorable environment for solar installations.