The Government of Cabo Verde (GoCV) signed a Memorandum of Understanding (MoU) with Cabeólica on 23 September 2022 to expand the Cabeólica Phase I project. The expansion includes 13.5MW of wind generation in Santiago, a 6MW/6MWh battery energy storage system (BESS) in Santiago, and another 6MW/6MWh BESS in Sal. These systems will provide key ancillary services to the grid, such as frequency regulation, energy balancing, spinning reserve, and voltage support. Building on the success of Phase I, GoCV launched a competitive tender on 11 August 2023 to procure additional BESS: 8MW/8MWh in São Vicente and 6MW/6MWh in Boa Vista. Cabeólica won this tender on 27 November 2023. The company has since merged both initiatives—the Expansion Project and the New BESS Project—into a single Phase II Project. Together, Phase I and Phase II will deliver 39MW of wind power and 26MWh of battery storage capacity. To meet the commissioning deadline of December 2025, Cabeólica plans to begin construction under advance contracting, funded initially by a Bridge Loan (BL). The company has asked the Bank to retroactively finance costs incurred after 30 June 2024 using BL proceeds. These include engineering, procurement and construction (EPC) costs and development expenses, co-financed with EIB.

Cabo Verde

African Development Bank Group

Western Africa

Non-Renewable Energy Printing and Publishing Construction Energy-Power and Electrical Computer Hardwares and Consumables Steel

12.06.2025

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