09 Nov Cape Verde attains 25% Renewable Energy Penetration
The Island country of Cape Verde has completed the installation of a 25.5 Mw wind park, thus increasing the total installed capacity of renewable energy installation in the country to 33 MW. With this project the country has already attained half of its target of 50% renewable energy penetration by 2015, adopted in its 2010 renewable energy policy.
Following the adoption of the policy, the government embarked on a comprehensive RE resource assessment, developed RE resources maps for all its ten islands and developed the Cape Verde Renewable Energy Investment Plan (CV_REIP), which identified potential locations for installing RE generation plants in the country. In accordance with the Plan, the government, with a concessional credit from Portugal, constructed two Solar PV parks in 2010 on the islands of Santiago (5MW) and the Island of Sal (2.5 MW): The construction of the 26.5 MW bundled wind park on four islands in 2011 therefore brings to a total of 33 MW, the installed RE capacity in Cape Verde.
The total cost of the project is €61 M funded by credit sources from the European Investment Bank (EIB) €30 M, the African Development Bank (AfDB) – €15 M and equity sources from the Africa Finance Corporation (AFC), Finnfund, Infraco, Electra and the Government of Cape Verde. The project is expected to produce 80 to 110 GWH/year and cut down CO” emissions from 12.000 to 20.000 ton/year.