Africa Monitor

Africa Monitor Intelligence

Cape Verde: International Bank for Reconstruction and Development Supports Renewable Energies

The Project aims to increase renewable energy production and improve energy performance in the public sector in Cabo Verde, leveraging private financing. The introduction of renewable energies is seen as urgent by the Government, especially in the current context of high oil prices, with the country dependent on imported refined fuels and with their increase in prices having a significant impact on the balance of payments. READ MORE