Expression of Interest For Renewable Energy Development In Cabo Verde

Expression of Interest are invited for Renewable Energy Development in Cabo Verde Cabo Verde is highly dependent on imported fossil fuels for energy production (83.2%) with direct impact on high electricity tariffs and the competitivity of the economy. The country has significant solar and wind resources, which would allow for development of renewable energy. A National Program for Sustainable Energy (NPES) was launched within the framework of the countrys Strategic Plan for Sustainable Development (2017-2021). NPSE aims to accomplish the transition to a secure, efficient and sustainable energy sector, reducing dependence on fossil fuels and ensuring universal access to electricity and energy security. NPES is focused on five key areas: (i) institutional strengthening and improvement in business environment; (ii) energy market reform; (iii) investment in strategic infrastructure; (iv) renewable energy development; and (v) promotion of energy efficiency. The objective of the proposed consultancy is to undertake a preliminary market assessment of large-scale renewable energy program in Cabo Verde and assess sustainable business models for rooftop solar, solar thermal heating and cooling. The analysis will support Cabo Verdes energy transition pathway, specifically the achievement of the objectives stipulated in the Master Plan for the Power Sector (20182040) to reach 54% renewable generation by 2030. The assignment comprises four activities: (i) technical support for utility scale-renewable energy pipeline development; (ii) strategic support on renewable energy project bankability, including design of a risk mitigation facility to address the off-taker risk; (iii) sustainable business models for investments in rooftop solar photovoltaic, solar thermal heating and cooling; (iv) maximization of socio-economic benefits of renewable energy development. Tender Link : https://wbgeprocure-rfxnow.worldbank.org/rfxnow/public/advertisement/index.html