Search and Filter Through Our Comprehensive Database of Tender Awards and Bid Results in Wind Power Plant Sector in Venezuela
Identify and track all the latest tender & contract awards and bid results in wind farm projects. Our extensive database and user-friendly interface make it easy for you to find the right business opportunity in Venezuela.
Venezuela Wind Power Plant Industry Analysis
Venezuela has significant potential for wind power, with average wind speeds of around 6-7 meters per second in certain parts of the country. However, the wind power industry in Venezuela is still in the early stages of development, with a total installed wind power capacity of just 40 MW as of 2021.
One of the main barriers to the development of wind power in Venezuela is the lack of infrastructure and funding. Venezuela has a relatively small and underdeveloped electricity grid, which makes it difficult to transmit the electricity generated by wind power projects. In addition, the country's economic and political instability has made it difficult to attract investment in the wind power industry.
Despite these challenges, Venezuela has made some progress in developing its wind power industry in recent years. In 2019, the government signed an agreement with a Chinese company to develop a 150 MW wind farm in the country. This project is expected to provide electricity to around 100,000 households and create around 200 jobs.
Overall, the wind power industry in Venezuela is expected to continue to grow in the coming years, driven by the government's commitment to renewable energy and the increasing demand for electricity in the country. Venezuela has set a target to reach 20% renewable energy by 2025, and wind power will play a significant role in achieving this goal.
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