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.

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 type of energy does Venezuela use?

Venezuela relies heavily on domestic production of fossil fuels, with oil and natural gas comprising approximately 90% of the country's total energy supply. Hydro power also plays a key role in electricity generation, accounting for roughly half of installed capacity.

Does Venezuela have a micro-hydro energy mix?

The study evaluated the energy provided by micro- or mini-hydro, wind, PV, biomass or hybrid energy in some Latin American countries in 2012 and found that unlike the other nations evaluated, there were no reports of this kind of energies in the Venezuelan energy mix for 2012.

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 , .

Does Venezuela favor fossil fuel energy instead of renewables?

REVE alerts of its concerns that the Venezuelan government favors fossil fuel energy instead of renewables and has abandoned renewable initiatives, with results which are totally opposite to the incipient interest of renewables development.