What is the latest status of the project “Cabeolica Phase II Wind-Storage Project”?

The status recorded for “Cabeolica Phase II Wind-Storage Project” is awarded.

Who are the main government, EPC, and private stakeholders for “Cabeolica Phase II Wind-Storage Project”?

Taiyo maps the stakeholders of “Cabeolica Phase II Wind-Storage Project”: government bodies (Public Entities in Cabo Verde), banks/investors (African Development Bank).

What is the budget and commercial profile for the project “Cabeolica Phase II Wind-Storage Project”?

Taiyo normalizes the budget of “Cabeolica Phase II Wind-Storage Project” to USD 21110866.

Where can I verify the source and access all details for “Cabeolica Phase II Wind-Storage Project”?

This Taiyo project page references Renewables Now along with the original URL (https://renewablesnow.com/news/afdb-okays-eur-19-6m-for-wind-storage-project-in-cabo-verde-1276998/). Taiyo standardizes official data into a consistent, searchable project profile.

Cabeolica Phase II Wind-Storage Project

Sector: Wind • Location: Cabo Verde

Source: Renewables Now

Project

Awarded

The African Development Bank (AfDB) approved a EUR 19.6 million financing package to support the Cabeolica Phase II project in Cabo Verde. This project is the first in the country to combine wind power with battery energy storage systems (BESS) at scale. It will expand the existing Cabeolica power project by adding 13.5 MW of wind generation and 26 MWh of grid-connected battery energy storage acro

Status: Closed
Sector: Wind, Geothermal, Power Generation (CCGT), Energy Storage, Power Transmission, Government, Telecommunications
Location: Cabo Verde
Updated: 22 Jul 2026
Source: Renewables Now

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The project “Cabeolica Phase II Wind-Storage Project” is an infrastructure initiative in the Wind sector, located in Cabo Verde. Taiyo aggregates data on it from Renewables Now.

Participants

Sponsoring Agency

Status

Original status	awarded
Taiyo status	Closed
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	The African Development Bank (AfDB) approved a EUR 19.6 million financing package to support the Cabeolica Phase II project in Cabo Verde. This project is the first in the country to combine wind power with battery energy storage systems (BESS) at scale. It will expand the existing Cabeolica power project by adding 13.5 MW of wind generation and 26 MWh of grid-connected battery energy storage across five installations on four islands. The project aims to produce over 60 GWh annually, displacing expensive thermal generation and reducing carbon dioxide emissions. It is backed by a 20-year power and storage services agreement with the national utility Electra SA at tariffs below the national average generation cost.
Original sector	Renewable Energy
Budget

Location

Country

Cabo Verde

Source

Source	Renewables Now
URL

More Details

Record type	Project
Sector	Wind, Geothermal, Power Generation (CCGT), Energy Storage, Power Transmission, Government, Telecommunications
Article published date	2025-06-18

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Cabeolica Phase II Wind-Storage Project

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