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 , .

Will Venezuela suffer a deterioration of its power in international affairs?

Venezuela may suffer a deterioration of its power in international affairs if the global transition to renewable energy is completed. It is ranked 151 out of 156 countries in the index of Geopolitical Gains and Losses after energy transition (GeGaLo).

Does Venezuela have an energy crisis?

Some are successful in their attempt to optimize their energy resources while others are not. This is the case of Venezuela, which faces a contradictory energy performance. Despite its substantial available renewable and non-renewable energy resources, it presents a severe energy crisis.

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 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.

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.