ALER Market Outlook 2024 - Cape Verde

Cabo Verde is one of Africa’s leading countries in the energy transition, distinguished by its high electricity access rate, a favourable regulatory framework, and a consistent strategy to promote renewable energy.

The country has been driving private investment through competitive tenders for solar and wind projects, incentives for self-consumption, and initiatives integrating energy storage, energy efficiency, electric mobility, and green hydrogen. Despite the challenges posed by high electricity costs, renewable energy plays a key role in reducing dependence on imported fossil fuels while strengthening the country's competitiveness and energy security.

This ALER Market Outlook provides an up-to-date analysis of the sector, highlighting the latest developments, market opportunities, and the regulatory and commercial landscape of Cabo Verde.