Venezuela Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Venezuelan Renewable Energy Market is segmented by Type (Wind, Solar, Hydro, and Bioenergy).

Venezuela Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Venezuela Renewable Energy Market Size

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venezuela renewable energy market overview
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 3.50 %
Market Concentration High

Major Players

venezuela renewable energy market major players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Venezuela Renewable Energy Market with other markets in Energy & Power Industry

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Venezuela Renewable Energy Market Analysis

The Venezuela Renewable Energy Market is expected to register a CAGR of greater than 3.5% during the forecast period.

  • Hydropower is expected to be the dominating segment in the Venezuelan renewable energy market during the forecast period, owing to increasing installation capacity. It is considered one of the dominating energy generation sources.
  • The Venezuela Plan for the National Electric System aims to integrate renewables into the power system. The plan aims to develop 613 MW of renewable energy by 2033. This is expected to create ample opportunities for the market players soon.
  • The increasing share of renewable energy in the total energy mix is expected to drive the Venezuelan renewable energy market.

Venezuela Renewable Energy Industry Overview

The Venezuelan renewable energy market is consolidated. The key players in the market include SOLINAL CA, INGESOL CA, Siemens Gamesa Renewable Energy SA, Andritz AG, and Corpoelec (National Electric Corporation).

Venezuela Renewable Energy Market Leaders

  1. SOLINAL C.A.

  2. INGESOL C.A.

  3. Siemens Gamesa Renewable Energy, S.A.

  4. Andritz AG

  5. Corpoelec (National Electric Corporation)

  6. *Disclaimer: Major Players sorted in no particular order
SOLINAL CA, INGESOL CA, Siemens Gamesa Renewable Energy SA, Andritz AG, Corpoelec (National Electric Corporation).
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Venezuela Renewable Energy Market News

  • In June 2021, Venezuela commenced operations of the first photovoltaic system in the country, located in Guarico state.

Venezuela Renewable Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Renewable Energy Installed Capacity and Forecast in GW, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGMENTATION - BY TYPE

  • 5.1 Wind
  • 5.2 Solar
  • 5.3 Hydro
  • 5.4 Bio-energy

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 SOLINAL CA
    • 6.3.2 INGESOL CA
    • 6.3.3 Siemens Gamesa Renewable Energy SA
    • 6.3.4 Andritz AG
    • 6.3.5 Centrais Eletricas do Norte do Brasil SA
    • 6.3.6 Corpoelec (National Electric Corporation)
    • 6.3.7 HPC Venezuela CA
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Venezuela Renewable Energy Industry Segmentation

The Venezuelan renewable energy market report includes:

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Venezuela Renewable Energy Market Research FAQs

What is the current Venezuela Renewable Energy Market size?

The Venezuela Renewable Energy Market is projected to register a CAGR of greater than 3.5% during the forecast period (2025-2030)

Who are the key players in Venezuela Renewable Energy Market?

SOLINAL C.A., INGESOL C.A., Siemens Gamesa Renewable Energy, S.A., Andritz AG and Corpoelec (National Electric Corporation) are the major companies operating in the Venezuela Renewable Energy Market.

What years does this Venezuela Renewable Energy Market cover?

The report covers the Venezuela Renewable Energy Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Venezuela Renewable Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Venezuela Renewable Energy Industry Report

Statistics for the 2025 Venezuela Renewable Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Venezuela Renewable Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.