What is the Cape Verde electricity project?
The project consists in the design and construction of a set of inter-related electricity generation, network and storage components during the - period under Cape Verde's National Electricity Masterplan (-).
Will EIB global help Cape Verde phasing out fossil fuels?
As part of the EU's Global Gateway strategy, EIB Global is supporting this project, which is expected to contribute to the complete phasing out of Cape Verde's reliance on expensive and polluting fossil fuels as its primary source of energy by at the latest.
How can Cape Verde save money on fuel imports?
The company will also add a battery energy storage system (BESS) with a capacity of 9 MW/5 MWh in Santiago and another unit of 6 MW/6MWh on the island of Sal. The new facilities will contribute to annual cost savings of around CVE 1 billion in fuel imports, according to Cape Verde’s minister of industry, trade and energy Alexandre Monteiro.
How will the Cape Verde water project impact the water sector?
Furthermore, the Project is expected to have a critical indirect effect on the water sector in Cape Verde as most of the country's water supply comes from water desalination, which requires significant energy resources.
When will Cape Verde's wind farm expansion start?
Works on the wind farm expansion are due to commence in July . Cape Verde’s renewables account for 20% of the total installed capacity in the country, according to ALER, the renewables association of Portuguese-speaking African countries.
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Cape verde honeycomb new energy storage. The Santiago Pumped Storage Project, which will be located in Chã Gonçalves, in the municipality of Ribeira Grande de Santiago
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Cape verde honeycomb new energy storage. The Santiago Pumped Storage Project, which will be located in Chã Gonçalves, in the municipality of Ribeira Grande de Santiago
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Cape verde honeycomb new energy storage. The Santiago Pumped Storage Project, which will be located in Chã Gonçalves, in the municipality of Ribeira Grande de Santiago
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