Opened in 1986, the Caracas Pumped Storage facility is like a water-based rollercoaster for electrons. By day, it feeds Venezuela’s capital with 240 MW of power. By night? It secretly pumps water back uphill using surplus electricity.
[pdf] The annual generation of installed photovoltaic (PV) capacity in Venezuela is approximately 1.6 MWh per kWp. 2 The average cost of electricity in Venezuela is around $0.046 per kWh for households and $0.053 per kWh for businesses, as of December 2023. 3
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