Cape Verde - Cabeólica Wind Power Project Cost


Project Summary

Approval Date 19 May 2010
Signature Date 14 Dec 2010
Sovereign / Non-Sovereign Non Sovereign
Sector Power
DAC Sector Code 23068
Commitment U.A 11,688,248.59
Status Implementation

Project General Description

The Cabeólica wind park project includes the construction, operation and decommissioning of four wind parks on the islands of Santiago, São Vicente, Sal and Boa Vista in the Republic of Cabo Verde. Wind parks will include 30 to 32 wind turbines of 850 kW providing a total capacity of about 28 MW (e.i. 20% to 25% of the current energy demand). The project also includes a request for a loan from AfDB for the installation of wind turbines in the purpose of producing 28 MW, as well as the set-up of transmission lines to provide energy to existing consumers. It will enable the country to diversify its energy grid which is currently dominated by the production of thermal energy diesel (97% of the total installed capacity). The diversification of the energy grid will ensure the stability of the network; this will result in a reduction of the frequency of outages of electricity in the country. The project will also result in the stabilization of energy tariffs due to the volatility of prices related to the importation of fossil fuels that currently represents a huge burden for the economy of the country.

Project Objectives

The objective of the project is to diversify the energy grid of Cabo Verde, stabilize the network and reduce the country's expenses for the import of energy.

Beneficiaries

The final beneficiaries of the project are the populations of the Republic of Cabo Verde. The active population will also benefit from this project thanks to the creation of jobs generated during periods of construction, operation, training and transfer of technology related to the production of wind energy.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-CV-FE0-001
Last Update 25 Jul 2019

Export

Contact Details

Email private-sector@afdb.org

Geographic Location

Country Cape Verde
Coordinates Location Name
16.8333 -25 Concelho de Sao Vicente
16.75 -22.9167 Concelho do Sal
16.0833 -22.8333 Concelho da Boa Vista
14.9833 -23.65 Concelho de Ribeira Grande de Santiago