Cabo Verde’s Future Is Green Energy

Country Overview

The West African country of the Republic of Cabo Verde is an island country located in the central Atlantic Ocean. The population of Cabo Verde is approximately 602,164 people.

In 2022, Cabo Verde’s economy was ranked 159th in the world in gross domestic product (GDP). The country’s economy is dependent on the export of processed fish, planes, helicopters, documents of title, non-fillet frozen fish, and mollusks.

Environmental Policies

In 2016, the Cabo Verde signed the Paris Climate Agreement, committing to a range of actions designed to reduce greenhouse gas emissions, including increasing renewable energy grid penetration, energy efficiency, and reforestation.

Power Generation Capabilities

In 2021, 95,5% of the people in Cabo Verde had access to electricity. In 2021, utilities in Cabo Verde used refined petroleum (84.4%) and renewable energy (15.6%) to generate electricity across the island nation. Wind and solar are the dominant types of renewable energy used to generate electricity in Cabo Verde,

The recent renewable energy projects in Cabo Verde include:

  • 28 MW Wind Project  – In September 2011, Cape Verdean company Cabeólica commissioned the  Cabeólica wind park which has wind turbines located on the islands of Santiago, Sao Vicente, Boa Vista, and Sal in Cabo Verde.
  • 3 MW Solar Project – In May 2022, the World Bank approved financing for a solar project on the island of Fogo, Cabo Verde.
  • 2 MW Solar Project – In May 2022, the World Bank approved financing for a solar project on the island of Santo Antão, Cabo Verde.
  • 400 kW Solar Project – In May 2022, the World Bank approved financing for a solar project on the island of Maio, Cabo Verde.
  • 400 kW Solar Project – In May 2022, the World Bank approved financing for a solar project on the island of São Nicolau, Cabo Verde.

Conclusions

Cabo Verde imports all the nation’s refined petroleum for power generation and transportation. In 2021, the nation imported U.S. $93.5 Million of refined petroleum.

On 24 February 2022, Russia invaded Ukraine, prompting the European Union, United Kingdom, United States, Canada, Japan, South Korea, Australia, and New Zealand to place economic sanctions on Russian imports and exports. As a result, the crude oil and natural gas prices increased by over 50% from May 2021 to May 2022.

In 2021, Cabo Verde uses diesel fueled generators to generate 84.4% of the electricity on the island nation. The government is actively seeking low-cost, reliable wind and solar projects to replace the increasingly expensive diesel fueled generators.

Jack Kerfoot

Website – “Our Energy Conundrum”

www.jack kerfoot.com

 

Jack Kerfoot is a scientist, energy expert, and author of the book FUELING AMERICA, An Insider’s Journey and articles for The Hill, one of the largest independent political news sites in the United States. He has been interviewed on over 100 radio, podcast, and television stations from New York City to Los Angeles on a diverse range of energy issues.

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