Cape Verde communication base station wind power products

Does Cape Verde have a wind farm?

The Cape Verde government has signed a contract with the domestic partly state-owned wind power operator, Cabeolica, to support its wind farm expansion and battery installation projects in the archipelago nation off the West African coast. Image credits: Alamy Stock Photo.

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.

When will Cape Verde's wind farm expansion start?

Works on the wind farm expansion are due to commence in July 2024. 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.

Who owns Electra in Cape Verde?

The company's largest shareholder, with a 50% stake, is AFC Equity Investments, a wholly-owned subsidiary of Africa Finance Corporation. Danish fund manager A.P. Moller Capital has owned a 44% stake since 2021. The government of Cape Verde and national utility Electra hold the remaining 6%. (CVE 100 = USD 0.963/EUR 0.907)

What is cabeolica wind power?

The project company, Cabeolica S.A., was established by the founding partners in 2009 and began generating power from September 2011. Lying across the trade winds belt, the archipelago has consistent wind speeds of up to 10m/s creating one of the best locations in the world for wind power generation.

Why is Cape Verde a good place to live?

The population of Cape Verde benefit from an upgraded and extended electricity grid. Reduced pressure on public funds to solely bear the cost of expanding energy generation capacity, freeing up funds for other public uses. Growth stimulated in the wider Cape Verdean economy and the country’s critical power deficit addressed.