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Based on Venezuela's total energy consumption (~120 TWh annually as of recent estimates) and the country's high solar insolation levels averaging 5-6 kWh/m²/day, the technical potential for solar capacity exceeds 50 GW. . The Venezuela Renewable Energy Market Report is Segmented by Technology (Solar Energy, Wind Energy, Hydropower, Bioenergy, Geothermal, and Ocean Energy) and End-User (Utilities, Commercial and Industrial, and Residential). The Market Sizes and Forecasts are Provided in Terms of Installed Capacity. . The Venezuela solar energy market presents a compelling growth opportunity driven by increasing energy demand, resource abundance, and government initiatives aimed at diversifying the national energy mix. To quantify this opportunity, we delineate the market into three key segments: Total. . Source: Based on the U. Energy Information Administration data (Jan 2025). The most common solar GHI intensity is over 6. 0 kWh/m2 per day, distributed in the northwestern part of country, Zulia and Falcon states, and in the northeastern, in Nueva Esparta state. The most common wind speed is over. . Discover comprehensive insights into the statistics, market trends, and growth potential surrounding the solar panel manufacturing industry in Venezuela Venezuela, Caracas, receives on average 2,688 hours of sunlight per year, with an average of 7:21 of sunlight per day. Data source: IRENA (2025) – Learn more about this data Total solar (on- and off-grid) electricity installed capacity, measured in gigawatts.