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AfDB Approves 19.6 Mln Euros in Funding for Wind Energy in Cape Verde

Summary by Zawya

African Development Bank approves €19.6 million in financing to scale up Cabo Verde’s pioneer in wind and battery storage capacity

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china.org.cn

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AfDB approves 19.6 mln euros in funding for wind energy in Cape Verde

19 hours ago

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Financial Afrik

Cape Verde: AfDB Allocates EUR 19.6 Million to Boost Wind Energy Production

The African Development Bank (AfDB) has approved funding of EUR 19.6 million for the second phase of the Cabeólica expansion project, a flagship initiative in the renewable energy sector in Cape Verde. This is the first large-scale national project combining wind production and battery energy storage systems (BESS), according to a press release issued on Monday, 16 June. The financing consists of a loan of EUR 12.6 million granted by the AfDB, s…

1 day ago

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power-technology.com

Cabeólica Phase II expansion in Cabo Verde

The African Development Bank Group (AfDB) has sanctioned a €19.6m ($22m) financing package to Cabeólica Phase II expansion project in Africa.

1 day ago

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techeconomy.ng

AfDB Backs Cabo Verde’s Clean Energy Expansion with €19.6m - Tech

The African Development Bank Group (AfDB) Board of Directors has approved €19.6 million in financing for the Cabeólica Phase II Expansion Project in Cabo Verde. Building on the success of the original Cabeólica project commissioned in 2012, Phase II will add 13.5 megawatts of wind generation capacity and 26 megawatt-hours of grid-connected battery energy storage. The expansion is expected to generate 60 gigawatt-hours of clean energy annually, e…

2 days ago

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