Grid level storage Cabo Verde

Does Cabo Verde have a national electricity master plan?

This investment falls under Cabo Verde’s national electricity master plan 2018-2040, and will reduce the country's dependence on expensive and polluting fossil fuels by 2040. It will also provide new storage capacity for electricity from renewable sources.

What is the European Union's Global Gateway strategy in Cabo Verde?

This decision falls under the European Union’s Global Gateway strategy in Cabo Verde. 1) Support for Cabo Verde’s energy sector, with Team Europe funding of €159 million provided by the EIB, European Union and Luxembourg. This involves designing and building an electricity generation, grid and storage system up to 2029.

What is the Cape Verde power sector master plan?

City of Praia, 16 November 2018 The Cape Verde power sector master plan that defines the country sector development strategy until 2040 was presented in the city of Praia in Santiago. The project was developed by an international team of consultants leaded by Gesto.

Why do we invest in Cabo Verde?

The investments show our ongoing effort to position Cabo Verde as a regional leader in technology and renewable energy. They also illustrate our ability to form high-level international partnerships, reflecting global confidence in our vision and policies.

Does Cape Verde have electricity?

Cape Verde has but one electricity company (Electra) and Cape Verde has one of the highest electricity prices in the world. Furthermore, the electric system is inefficient and registers energy losses of around 30%.

How will the European Union help the Cabo Verde government?

The European Union is working with the EIB to provide the Cabo Verde government with €105 million in financing to expand and modernise several of the country’s strategic ports, notably Porto Grande in Mindelo on the island of São Vicente, Porto Novo on Santo Antão and the port of Palmeira on Sal.