Venezuela Energy Storage Solutions Powering New Energy
By implementing modern battery systems and solar-storage hybrids, businesses can achieve energy independence while complying with evolving regulations. As storage costs continue
In 2005, hybrid systems that mixed energy from the national electric grid with solar energy, eolic energy, and diesel fuel backup started being installed in Venezuela, with the Sembrando Luz program from the Foundation for Development of the Electric Service (Fundación para el Desarrollo del Servicio Eléctrico, FUNDAELEC).
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.
Solar energy is one of the fastest-growing forms of energy in power generation that is expected to show a gradual increase in the energy mix of Venezuela. This tendency is maintained by the significant decrease in the cost of renewables with the support of investments and new technologies.
The Venezuela Plan for the National Electric System aims to integrate renewables in the power system by including them in medium and long-term strategies. It aims to develop the use of renewables within isolated rural communities includes solar.
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