Cape verde natural gas energy storage

Are there any natural gas reserves in Cape Verde?

There are also no known reserves of natural gas. The Empresa Nacional de Combustíveis (ENACOL) and Shell Cape Verde are responsible for the commercial supply of petroleum products (REEEP, 2012). : Data not applicable 0 : Data not available (P): Projected Cape Verde has great wind potential, with average wind speeds of 7.5 m/s (REEEP, 2012).

How can Cape Verde meet its goal of 50% renewables?

Cape Verde can meet its goal of 50% renewables today by integrating energy storage. A 100% Renewable System is achieved from 2026, with a 20 year cost from 68 to 107 M€. Current paradigm doubles emissions in 20 years and costs ranges from 71 to 107 M€. The optimal configuration achieves 90% renewable shares with a cost from 50 to 75 M€.

What is the most economical renewable resource in Cape Verde?

According to the 2011 Cape Verde Energy Plan, the most economical renewable resource is wind power, with a cost of energy production less than half the cost of fuel oil (€ 50/MWh vs. € 131/MWh). The generation from the solar photovoltaic resource carries a higher cost, since investment is estimated at € 3.25/Wp.

How much energy is produced in Cape Verde?

In 2017, 464 GWh of energy was produced in the Cape Verde archipelago, 82.2% through the diesel technology, 16.4% from wind power and 1.4% from solar sources, which shows an underutilization of the renewable potential estimated at 257.6 MW and 314.5 MW for wind and solar photovoltaic respectively .

When will Cape Verde's energy storage centre be operational?

During the presentation of the project, Cape Verde's National Director for Industry, Trade and Energy, Rito Évora, announced that the energy storage centre is scheduled to be operational by 2030, with the aim of injecting 7% of renewable energy into the national public grid and 18% into that of the island of Santiago.

Are there oil reserves in Cape Verde?

There are no known crude oil reserves nor oil refining capacity on Cape Verde and all petroleum products have to be imported. There are also no known reserves of natural gas. The Empresa Nacional de Combustíveis (ENACOL) and Shell Cape Verde are responsible for the commercial supply of petroleum products (REEEP, 2012).