Praia, Cape Verde, 6 Oct – The construction of four wind farms in Cape Verde will make it possible for the country to save 12 million euros per year on fuel imports or 2.1 percent of the State Budget, a business source said last week in Praia.
Fábio Borba, chairman of Cabeólica, the company resulting from a public-private partnership between the government of Cape Verde, water and electricity company Electra and InfraCo (a business institution made up of international donors, including the World Bank) said that 12 million euros represented the yearly purchase of 20,000 tons of fuel.
This project, which is expected to cost 65 million euros, will be carried out by Cabeólica and includes installing 28 megawatts of power split over the wind farms on the islands of Santiago (10 mw), Sal (8 mw), Sao Vicente (6 mw) and Boavista (4 mw).
The project is part of the Cape Verdean government’s strategy to increase use of renewable energy sources on the archipelago to 25 percent by 2011 and 50 percent by 2020, as currently this category only accounts for 2.3 percent of the total.
By the end of 2011, Cape Verde is expected to reach a rate of between 3.8 percent and 4 percent, taking into account that construction of a solar energy park is currently underway by Portuguese company Martifer Solar on Santiago Island, with 5 megawatts, after a similar park was opened on Sal island last Friday.
As soon as the Cabeólica and Martifer projects are concluded, which is due to happen in 2011, in the former case, and this year in the latter, Cape Verde will have an installed capacity of 35.5 megawatts, reducing its dependence on oil. (macauhub)