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 2023-2029 period under Cape Verde's National Electricity Masterplan (2018-2040).

Does Cabo Verde have electricity?

Access to electricity in Cabo Verde reached 93% in 2018 from 87.1% in 2012 though in rural areas access remains below the national average (83.1%). Renewable energy accounts for 20.3% of total supply and an electricity sector Master Plan (2018-2040) was designed to help achieve 50% of renewable energy generation by 2030.

Where is the largest power station in Cape Verde?

The largest power station in Cape Verde is located in the City of Praia with an installed capacity of 31 MW.

What are the energy resources of Cape Verde?

Cape Verde has no primary energy resources except for wood, which is insufficient due to low rainfalls and poor soil quality. The country’s energy supplies come from four main sources: petroleum products, butane gas, firewood, and wind.

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 2040 at the latest.

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.