RENEWABLE ENERGY POTENTIAL IN VENEZUELA

RENEWABLE ENERGY POTENTIAL IN VENEZUELA

Venezuela, a Latin American nation, stands poised to unlock its substantial potential for generating clean energy from renewable sources. In this article, we will briefly explore the primary forms of renewable energy that Venezuela can harness to diminish reliance on fossil fuels, aligning with global objectives to decarbonize the energy system.


HYDROELECTRICITY

Venezuela has a notable hydroelectric generation capacity, especially in the Guayana region, where the Caroni River provides a consistent and abundant water flow that is not affected by the El Niño climate phenomenon. Several dams have been built along the river, and there is still room for constructing new power plants.






WIND ENERGY

Venezuela also boasts significant wind energy potential, particularly in the north-western states of Zulia and Falcón, where wind speeds of eight to nine metres per second are common place. Other areas of the country, such as the east, north-central, south and west, also have favourable wind conditions for electricity generation.




SOLAR ENERGY

Venezuela possesses substantial solar energy potential, as it receives high levels of solar radiation throughout the year. Some areas of the country have a solar potential as high as 85.5% of that of Chile’s Atacama Desert, the continent's most solar-rich region.




Despite this potential, Venezuela has not exploited its renewable energy sources sufficiently. There are opportunities for developing projects that can supply electricity to the grid or to industrial sectors that require large amounts of energy. By investing in renewable energy, Venezuela can diversify its energy mix, reduce greenhouse gas emissions, and help with the clean energy goals agreed at COP28. 


THE ADDED VALUE OF VENEZUELA’S CLEAN ENERGY POTENTIAL

Venezuela’s significant potential for clean energy generation becomes even more distinctive due to its ability to add value to this energy. This is achieved through the establishment of electro-intensive industrial parks, which leverage the country’s vast reserves of bauxite and iron ore. 

In the Guayana region alone, there are bauxite reserves of 1,780 MMt in the Cedeño Municipality and 475 MMt in the Padre Chien Municipality. The Bauxilum company, located in Cedeño Municipality, has already capitalized on these reserves with a production capacity of 6 MMt/year. However, the reserves in Padre Chien Municipality remain untapped.





Similarly, the Guayana Region is home to proven iron ore reserves of 4,200 MMt. Ferrominera Orinoco C.A., the main company exploiting these reserves, has an installed capacity of 25 MMt/year.




The combination of these mineral reserves and the available hydroelectric energy in the region opens up opportunities for the production of Green Hydrogen. This paves the way for the creation of a Green Business Hub, with integrated production capacity for Green Aluminium, Green Iron and Steel, Green Hydrogen, Green Fertilizers, and other consumer goods. These products align with global decarbonisation policies and contribute to the fight against climate change.





CONCLUSIONS

  • The generation and utilization of clean energy are crucial for manufacturing goods with a Low Carbon Footprint.

  • Venezuela possesses all the necessary conditions, including energy potential and mineral resources, to be an efficient producer of these goods.

  • The AlProTeS team (Email:alprotes@alprotes.com), comprised of highly educated professionals with a proven track record in project formulation, execution, and management, is well-equipped to advise companies and institutions looking to leverage the comparative advantages that Venezuela offers.





Dr. Jesús Imery

PhD Engineering and Materials Science (Imperial College, London)

Email: jesus.imery@alprotes.com

Email: alprotes@alprotes.com

LinkedIn: https://www.linkedin.com/in/dr-jesus-imery





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