The electricity sector in Venezuela is heavily dependent on hydroelectricity, which accounted for 64% of the nation's electricity generation in 2021. Besides hydroelectric power, Venezuela also relies on and , contributing 25% and 11%, respectively, to the total electricity output that year. The country operates six hydroelectric plants, totaling a capacity of 16,010 megawatts (MW), with the Central Hidroeléctrica Guri in being the most significant, acco.
[pdf] Opened in 1986, the Caracas Pumped Storage facility is like a water-based rollercoaster for electrons. By day, it feeds Venezuela’s capital with 240 MW of power. By night? It secretly pumps water back uphill using surplus electricity.
[pdf] Venezuela has set a target to generate 85% electricity from RE sources by 2030 under the UN 2030 Agenda for Sustainable Development. 7 Venezuela Development Plan for the National Electric System aims to integrate RE by including it in both the medium- term (2013-2019) and long-term (2014-2033) strategy.8 Venezuela receives high levels of solar irradiation (GHI) of 5.4 kWh/m2/day and specific yield 5.2 kWh/kWp/day indica- ng a high technical feasibility for solar in the country. 9 In 2021, Venezuela had commissioned its first grid connected solar pv system to ensure continuous power to broadband transport networks. 10 Venezuela has a rooftop solar installed capacity of 0.05 MW. 22 100% of the population in Venezuela had access to electricity as of 2020. 12 CORPOELEC is an integrated state-owned operating company responsible for carrying out activities of Generation, Transmission, Distribution and Marketing of power.
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