At the moment the rate of penetration of renewable energies already represents about 20%, one of the highest, of Sub-saharan Africa. The Government aims to achieve a high level of penetration of renewable energies over the next few years, reducing the dependence on fossil fuels and their effects on the country's balance of payments.
All these factors mean it is considered a priority sector for investment. Cape Verde has one of the strongest wind regimes in the world (18m/s) and has great potential for solar energy, with an energy/day ratio of 6-8 Wh/m²/day
Main business opportunity:
• Investments in Energy Parks in the Islands, with the majority of them renewable;
• Possibility of public private partnerships
Download the tax benefits for the renewable energy sector (Portuguese)
Download the tax benefits for the renewable energy sector (English)
