On June 16, 2025, the African Development Bank (AfDB) approved a €19.6 million ($22.6 million) financing package for the Phase II expansion of the Cabeólica wind project in Cape Verde. This pioneering initiative integrates wind power generation with large-scale battery energy storage. The expansion will add 13.5 MW capacity and 26 MWh storage, producing over 60 GWh of clean energy annually, cutting CO₂ emissions by around 50,000 tons per year. It aligns with Cape Verde’s goal to reach 50% renewable electricity by 2030.
