Cape verde electrochemical energy storage enterprise state-owned enterprise

When will Cape Verde's energy storage centre be operational?

During the presentation of the project, Cape Verde's National Director for Industry, Trade and Energy, Rito Évora, announced that the energy storage centre is scheduled to be operational by 2030, with the aim of injecting 7% of renewable energy into the national public grid and 18% into that of the island of Santiago.

How can Cape Verde save money on fuel imports?

The company will also add a battery energy storage system (BESS) with a capacity of 9 MW/5 MWh in Santiago and another unit of 6 MW/6MWh on the island of Sal. The new facilities will contribute to annual cost savings of around CVE 1 billion in fuel imports, according to Cape Verde’s minister of industry, trade and energy Alexandre Monteiro.

Who owns the electricity utility in Cape Verde?

ELECTRA is a company held by the Cape Verde Government (85%) and Cape Verde Municipalities (15%), which under a concession contract signed in 2000 is credited with the monopoly of distribution (and now also in production) of electricity throughout the country.

Why is the Cape Verde energy project important?

The project was a huge success and to this day remains one of the most important and influential strategic studies in the energy sector of Cape Verde.

What is the energy sector in Cabo Verde?

Direcção Geral da Energia de Cabo Verde 2010 2011 Cape Verde energy sector is strongly characterized by consumption of fossil fuels (derived oil-primary imported oil), biomass (wood) and use of renewable energy particularly wind and solar power.

Does Cape Verde have a wind farm?

The Cape Verde government has signed a contract with the domestic partly state-owned wind power operator, Cabeolica, to support its wind farm expansion and battery installation projects in the archipelago nation off the West African coast. Image credits: Alamy Stock Photo.