Cabo Verde Green Energy Framework Loan

About this project

<p>The operation is a framework loan to finance promoter¿s key green investments for the period 2024-2030 (the Project) with a view to increase ultimately the national share of renewables to the target set by 2030 and later 2040.</p><p>The Project consists in the construction of electricity storage facilities and electricity network assets. The main sub-project will be a 20MW pumped storage facility. The other priority sub-projects, which have been pre-identified, will be confirmed during appraisal with the project promoter, which is expected to be the Government of Cabo Verde acting through the Ministry of Industry, Commerce and Energy. It is expected that these additional project components will consist of: (i) SMART grid reinforcement, modernisation and digitalisation; (ii) batteries and converters; (iii) wind and solar investments and (iv) technical assistance to the Project Promoter related to the implementation of its strategy.</p>

Goals

Sustainable Development Goals this project works towards

• 7Affordable and Clean Energy
• 8Decent Work and Economic Growth
• 9Industry, Innovation and Infrastructure

Published by

European Commission - Directorate-General for International Partnerships · Other public sector

Countries

Cape Verde

Sectors

Energy generation, renewable sources - multiple technologies

Focus

Environment · Also contributesClimate mitigation · Also contributes

Places

CV - BF-WB_03

Funded by

European Commission

Implemented by

EUROPEAN INVESTMENT BANK

Accountable

European Investment Bank (Trust fund via EIB like FEMIP, NIF, Interest subsidies...)

Passes funds through

Directorate-General for International Partnerships

Published by European Commission - Directorate-General for International Partnerships to the International Aid Transparency Initiative (IATI), last updated 29 Sept 2026 and imported automatically. IATI identifier: XI-IATI-EC_INTPA-2024-PC-36493.

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