Cabo Verde Renewable Tender

Project ID: P170236
Region: Africa
Commitment Amount: US$ 6.75 million
Total Project Cost: US$ 13.50 million

The proposed project development objective is to increase electricity generation from renewable energy sources in Cabo Verde. Key Results (From PCN) Progress towards achieving the project development objective will be measured by monitoring the following key indicators: • Renewable energy generated (MWh) • GHG emissions avoided (million tCO2) • Private capital mobilized (USD million) • Households with rooftop solar PV (thousand) The following intermediate indicators will also be measured: • Length of power transmission and distribution lines erected (km) • Number of capacitor banks installed • Number of commissioning tests completed successfully • Renewable energy capacity installed (MW) • Storage capacity installed (MW) • Citizen engagement • Number of trainings conducted (% women trained) While the GoCV has an ambitious plan to increase renewable energy penetration in its energy mix, there are a number of challenges to meet its goals, including: the lack of scale of power generation due to small islands; the need for storage and grid extension and reinforcement; the need for support for distributed generation; and the government’s need for technical assistance to launch and supervise renewable energy IPP transactions. The proposed project will support the GoCV to implement its VRE integration goals under its energy sector Master Plan and will comprise four components: ? Infrastructure investments to increase renewable energy generation and support its integration into the grid; ? Distributed generation for residential and small commercial and industrial end-users; ? Credit enhancement to attract private sector investment to renewable energy projects; and, ? Technical assistance for capacity building and pipeline development.