Country
Cape Verde
Sector
Energy
Intelligence Type
Capital
Status / Stage
Active
Confidence
Confirmed
Latest Development
Africa Finance Corporation financed the expansion of the Cabeolica wind farm and battery storage project in Cape Verde — one of the few African island economies with a credible 100% renewable electricity target. The transaction won Best Wind Farm at the 2026 EMEA Finance Awards. Cabeolica already supplies ~25% of Cape Verde’s electricity.
Capital Details
Capital TypeProject Finance
Investor / FinancierAfrica Finance Corporation (lead)
Recipient / BorrowerCabeolica S.A.
Purpose of CapitalExpansion of wind power capacity and battery storage on Cape Verde islands
Financing StructureAFC project financing. Named Best Wind Farm at 2026 EMEA Finance Awards.
Market Significance
Demonstrates that AFC project financing works for small island developing states as well as large continental markets — Cabeolica's battery-backed wind model is replicable across African island economies.
Commercial Opportunity Intelligence
Commercial ReadinessCommercially Active
Source & Verification Trail
Last VerifiedAugust 2026
Source(s)AFC official (June 22, 2026 — EMEA Finance Awards)
Source DateJune 2026