Can you make it big in Venezuela's solar market?

If the answer is yes, you can make it big in Venezuela’s budding solar market. Venezuela enjoys a healthy presence of residential and commercial solar equipment manufacturers and distributors. These entities specialize in a wide variety of equipment including, solar panels and inverters.

How much solar power does Venezuela have?

As of 2019, Venezuela’s installed solar capacity stood at 5.32 Megawatts. In June 2021, Venezuelan authorities brought the first grid-connected photovoltaic system online. This project came in the wake of the Venezuelan government’s plan to build a prominent renewable energy capacity.

Does Venezuela have a solar system?

Fortunately, the increasing electricity demand forced the Venezuelan government to increase its renewable energy adoption efforts. As of 2019, Venezuela’s installed solar capacity stood at 5.32 Megawatts. In June 2021, Venezuelan authorities brought the first grid-connected photovoltaic system online.

Will Venezuela have a solar market in 2021?

In June 2021, Venezuelan authorities brought the first grid-connected photovoltaic system online. This project came in the wake of the Venezuelan government’s plan to build a prominent renewable energy capacity. Based on these new developments, there is no doubt that things are looking up for the Venezuelan solar market.

What is solar manufacturing?

In terms of solar, manufacturing encompasses the fabrication or production of materials across the solar market chain. The most common product being manufactured by solar companies are the solar photovoltaic (PV) panels, which are made with several subcomponents such as solar wafers, cells, glass, back sheets, and frames.