Praia, Cape Verde, 25 April – The government of Cape Verde plans to set up wind farms on the islands of Santiago, Sao Vicente, Sal and Boavista with a joint production capacity 28 megawatts, the director general for Energy said in Sal Thursday.
Lopes said that the project, expected to start in the second half of the year, was in the licensing stage, with funding already secured.
“The investments are extremely high. The project already has estimated investment of 140 million euros and a multinational company owned by five European countries will co-fund the project in a public-private partnership,” he said.
This energy project is, according to Abraão Lopes, part of the focus that the government plans to place on renewable energies, with the aim of reducing Cape Verde’s dependence on oil products.
The Cape Verdean government has said it expects to make investments of between 200 and 250 million euros to overcome the country’s energy problems.
“The government is mainly putting together public-private partnerships and funding with international institutions such as the World Bank, the African Development Bank (ADB) and the Japanese Development Bank, and we have an array of partners that have already been identified and agreements that have already been signed,” he said.
Projections point to Cape Verde’s need to triple its current installed power capacity from 80 megawatts to around 300 megawatts. (macauhub)