The GEF project, which is part of a larger energy and water sector reform and development program, supports climate change Operational Program #6, which promotes the adoption of renewable energy by removing barriers and reducing implementation costs. One GEF-supported component will fund the incremental cost of adding 7.8 MW of grid connected wind capacity to the electricity grid by financing the incremental cost of the technology and the required technical assistance. A second GEF component will stimulate the creation and growth of private sector capacity to supply, install and maintain household PV systems by providing initial equipment subsidies that will decline over a 5 year period and funding the capacity building and initial start-up costs of a PV supply system.

Project Details

GEF Project ID
444
Country
Cabo Verde
Implementing Agencies
The World Bank
Approval FY
1999
Status
Completed
Region
Small Islands Developing States
Executing Agencies
Ministry of Economic Coordination, National Institute of Energy, National Institute of Water Resource Management, ELECTRA S.A., SEMAP, Ministry of Infrastructure and Transport
GEF Period
GEF - 1
Project Type
Full-size Project
Focal Areas
Funding Source
GEF Trust Fund

Financials

USD
Co-financing Total
43,300,000
GEF Project Grant
4,700,000

Timeline

Concept Approved
30 Mar 1998
Project Approved for Implementation
12 Apr 1999
Project Closed
09 Jun 2009