Venezuela is promoting wind farm projects in an effort to generate low-carbon energy, but some believe the current tariffs make these projects economically unfeasible, according to a report by El Nacional.
Electricity tariffs, which have been frozen since 2001, will force the government and state-owned Petroleum of Venezuela to provide subsidies annually to guarantee the operation of the wind farms, according to the Ministry of Electric Energy.
“Venezuela is the only country in the world where the state carries out wind farm projects. Not even in China, where companies are offered tax incentives to carry out these projects, is the state pursuing this policy,” a source assessing the government on renewable energy, told the newspaper.
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