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CVE/390
Energy transition support programme

Information

Country
Cabo Verde
LuxDev's country office
Cabo Verde Office

Sector
Renewable Energies
PIC 5
2021 - 2025

Implementation period
February 2022 - December 2025
Total duration
47 months

Total budget
12,600,000 EUR
Contribution breakdown
  • Luxembourg Government
    12,000,000 EUR
  • Contrepartie nationale
    600,000 EUR

The energy transition support programme is funded under the Indicative Cooperation Programme “Development-Climate-Energy”, conceived as Luxembourg's response to support the socio-economic and environmental development policies and strategies of Cabo Verde during the period 2021-2025.

Cabo Verde has excellent conditions regarding renewable energy, especially wind and solar energy. The potential of ocean energy sources, geothermal and others remains to be explored. Due to the insularity and small market size of Cabo Verde, imported fossil fuels are expensive in the country, making renewable energy, which is endogenous and relatively well distributed across the islands, economically competitive.

Aligned with the sustainable development goal 7 and Cabo Verde's Energy Sector Master Plan 2018-2040, the programme CVE/390 has a long-term goal of universal access to clean and affordable energy. The programme foresees to transform the way energy is produced and consumed, while promoting social cohesion and inclusion as well as economic competitiveness.

Specifically, the programme:

  • promotes micro-generation of electricity from renewable sources;
  • facilitates an increase in the share of renewable energy in the electricity mix;
  • contributes to improving energy efficiency (in terms of energy consumption in the residential and non-residential sectors, and in terms of losses); and
  • strengthens sector governance.

All the islands of the archipelago will be involved, and the population of Cabo Verde as a whole will benefit.

The programme is also expected to support the Government of Cabo Verde to achieve a 25% reduction in greenhouse gas emissions by 2030, in line with the commitments made in its updated nationally determined contribution (April 2021).

In continuity with the achievements of previous interventions, the capacity development strategy as a pillar of this initiative will consolidate the sectoral reform undertaken. At national level, within the framework of sector governance, the intervention will focus on the professionalisation of energy services with the National Directorate of Industry, Trade and Energy and the Multi-Sectoral Economic Regulatory Agency. Similarly, an appropriate capacity development strategy will be developed to support public and private actors. The institutional reform, including the legal and regulatory framework, recognises the private sector as the main agent of change in the energy sector.

The realisation of the right to energy, i.e. the right to access and the right to use, implies greater gender equality in the sector, social inclusion and the principle of "leaving no one behind".

Contribution from the Government of Luxembourg: 12 000 000 EUR (7 000 000 EUR made available by the Ministry of Foreign and European Affairs through the Development Cooperation Fund and 5 000 000 EUR by the Ministry of Energy and Spatial Planning through the Climate and Energy Fund).