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Project ID:P151979
Solar Energy Systems Development Project
Project Area

Energy

MANAGEMENT UNIT

Unidade de Gestão de Projetos Especiais

Date of entry into force

15-01-2016

Closing Date

31-12-2018

State

Closed

Total Value

$1,000,000.00(USD)

97.000.000,00 CVE

Initial Value

$1,000,000.00(USD)

97.000.000,00 CVE

Additional Value

$0.00(USD)

0,00 CVE

100%

% Execution

Objetive

The main objective of the Energy System development project is to increase solar energy production capacity in Cape Verde through photovoltaic and solar thermal sources for water heating.

Description

This project is an important element in the implementation of the government's energy policy, as it demonstrates and enhances the country's solar potential. It is in this context that the World Bank's SIDS-DOCK fund financed this project in the amount of one million US dollars (US$1,000,000).

Components​

Title PurposeAmount in USD
Component 1: Demonstration investments
$437,250,000.00 (USD)
42.413.250.000,00 CVE
Component 2: Study of the market potential for solar energy in Cape Verde and removal of barriers
$346,500,000.00 (USD)
33.610.500.000,00 CVE
Component 3: Implementation, communication, and dissemination of results
$216,250,000.00 (USD)
20.976.250.000,00 CVE

Indicators

Project Objective Indicators

IndicatorUnitBaselineFinal Target
Solar energy generatedkwh0.00840.000
Reduction of greenhouse gas emissionsTons CO20.00609.0

Project Component Indicators

Beneficiary Entities

No results found

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