Cabo Verde — Africa Energy Intel | Africa Energy Intel

Market primer

structure, counterparties and bankability context

Region / power pool	Western Africa · —
Main offtaker	—
Regulator	—
PPA framework	Not yet researched
Currency / convertibility	— · Not yet researched
GDP per capita	$5,796 (2025, World Bank)
Sovereign ratings	Moody’s — · S&P — · IMF DSA —
Last updated	pending

Installed renewables

2015–2024, MW (IRENA)

Deals

every row source-linked

Date	Deal	Type	$m	Conf
2026-06-25	EBID Renewable Energy Financing Package	guarantee_facility	100	B
2026-01-13	World Bank	corporate_debt	13	B
2026-01-08	Renewable Energy and Improved Utility Performance Project (REIUP)	grant	15	A
2025-12-08	Cabeolica S.A.	corporate_debt	64	B
2025-12-05	Cabeólica S.A.	corporate_debt	46	B
2025-06-19	Cabeólica S.A.	corporate_debt	21	A

Project pipeline

Project	Tech	MW	Status
Renewable Energy and Improved Utility Performance Project (REIUP)	solar_pv;wind;bess	68	late_development
Cabeólica Phase II Expansion Project	Hybrid	14	operational
Unspecified Solar Plant Expansion	Solar	10	announced
Palmarejo Solar Plant II	Solar	6	late_development
Cabo Verde Wind IPP	Wind	—	operational

Tariffs & policy

No policies tracked yet.

Recent coverage

from the archive

2026-02-11	World Bank funds more renewables as AFC doubles Cabo Verde’s wind IPP capacity \| African Energy
2026-02-11	Cabo Verde Advances Green Energy With Wind Expansion, Battery Storage, And International Support
2026-02-10	World Bank funds more renewables as AFC doubles Cabo Verde’s wind IPP capacity The Africa Finance Corporation (AFC) is expanding existing wind capacity in Cabo Verde, signaling continued DFI-led growth in the island nation's renewable energy sector.
2026-01-14	World Bank Scales Up Support to Cabo Verde’s Energy Transition and Universal Access The World Bank approved $15.31 million in total financing for the Renewable Energy and Improved Utility Performance Project (REIUP) in Cabo Verde, which aims to catalyze $108 million in private capital for 68 MW of new renewable capacity.
2026-01-13	World Bank Scales Up Support to Cabo Verde’s Energy Transition and Universal Access
2025-12-29	AFC funds expanded Cabeolica wind and BESS project in Cabo Verde - Green Building Africa The expansion of the Cabeolica project adds significant new capacity and battery storage, enhancing grid stability in Cabo Verde.
2025-12-08	Cabo Verde Inaugurates Major Expansion of Cabeolica Wind Farm and Battery Storage, Enabled by AFC’s Catalytic Financing Confirms the Cabeólica Phase II wind+BESS expansion in Cabo Verde is now inaugurated with AFC catalytic financing, consistent with the COD already logged for this project.
2025-10-29	Cabo Verde renewed solar farm will double power output
2025-06-16	African Development Bank approves €19.6 million in financing to scale up Cabo Verde’s pioneer in wind and battery storage capacity
2025-01-16	Cabo Verde: Clean energy growth, grid upgrades key for growth - ESI-Africa.com