What is Cape Verde's 5 MW solar power plant?

The 5 MW solar power plant, located on the island of Santiago, was built with the support of the World Bank and the European Investment Bank (EIB). The project was part of Cape Verde’s efforts to transition to a more sustainable and resilient energy system.

Can Cape Verde generate 50% of its electricity from renewable sources?

Cape Verde has set an ambitious target to generate 50% of its electricity from renewable sources by 2025. The REIUP project is expected to contribute significantly to achieving this target. In recent years, Cape Verde has made significant progress in promoting renewable energy sources.

How much electricity does Cabo Verde use?

Ponta do Sol, Cabo Verde. Image by cinoby/Getty Images Progress has been made already, however, with about one quarter of Cabo Verde’s per capita electricity consumption (727kWh per person per year, almost 160% more than the average figure for sub-Saharan Africa) now being provided by renewable resources.

Will Cabo Verde privatize Electra?

“ The project will build on recent efforts from the World Bank to support the Government of Cabo Verde in the privatization of the electricity utility ELECTRA. A first step has been taken with the enactment of the power sector reform decree law, supported by the Cabo Verde First Equitable and Sustainable Recovery Development Policy Financing.

How will the Electra project support the government of Cabo Verde?

Finally, the project will support the Government of Cabo Verde’s goal to mobilize private and public capital for energy sector investments, by increasing stakeholders’ capacity and supporting the restructuring and privatization of the electricity utility ELECTRA.

How will the reiup project impact Cape Verde?

The REIUP project is expected to contribute significantly to achieving this target. In recent years, Cape Verde has made significant progress in promoting renewable energy sources. The country has been investing in wind and solar energy projects, and in 2019, inaugurated the largest solar power plant in West Africa.