Cape Verde Energy Storage Power Station Implementation Plan

4 FAQs about [Cape Verde Energy Storage Power Station Implementation Plan]

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 Cape Verde have solar power?

In 2012 Cape Verde had an installed electricity generation capacity of around 300 MW, of which about 24% from wind power plants and 3% from photovoltaic stations. While solar power has an enormous potential as a source of renewable energy, natural conditions in Cape Verde are one of the best in the world for the production on wind energy.

How can Cape Verde meet its goal of 50% renewables?

Cape Verde can meet its goal of 50% renewables today by integrating energy storage. A 100% Renewable System is achieved from 2026, with a 20 year cost from 68 to 107 M€. Current paradigm doubles emissions in 20 years and costs ranges from 71 to 107 M€. The optimal configuration achieves 90% renewable shares with a cost from 50 to 75 M€.

What is the Cabo Verde energy project?

Additional project components are expected to include: Together, these efforts aim to eliminate Cabo Verde’s dependence on fossil fuels by 2040. The project will ensure that all new storage capacity, especially the pumped storage system, will be fully dedicated to renewable energy use, supporting a resilient and sustainable power system.

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