Wave2O™ Cabo Verde

Resolute Marine Energy (RME) Cabo Verde, a subsidiary of the US-based RME and the company which will develop the project, considers Cabo Verde’s abundant near-shore wave resources to be particularly well-suited for development of this new technology.

Cabo Verde’s access to sustainable water resources is the second lowest of any country in Sub-Saharan Africa. Constant water shortages create stressful living conditions for the entire population. And while Cabo Verde has abundant renewable energy resources including solar, wind and biomass, most of its electricity is currently generated through imported fossil fuels. The unique Wave2O™ program will help the country meet its ambitious goal of replacing fossil-based electricity generation with 100% renewable energy by 2020.

At the nexus of energy and water, Wave2O™ has the potential to not only increase potable water supplies but also to shift energy consumption to other sectors, enabling better management of existing electrical capacity and better control over energy pricing.

Launched in 2012, SEFA is a US $95-million multi-donor facility funded by the governments of Denmark, the United Kingdom, the United States and Italy. It supports the sustainable energy agenda in Africa through: grants to facilitate the preparation of medium-scale renewable energy generation and energy efficiency projects; equity investments to bridge the financing gap for small- and medium-scale renewable energy generation projects; and support to the public sector to improve the enabling environment for private investments in sustainable energy. SEFA is hosted by the Energy, Environment and Climate Change Department of the AfDB.

Read more here (Source: African Development Bank Group)

Find more on Wave2O™ here or download the document below (Source: EIP Water- EU)