News
16 June 2025

Cabeolica Phase II expansion gets DFI backing

In:
Power, Renewables
Region:
Middle East & Africa

AfDB has approved €19.6 million ($21 million) in financing to support the Cabeolica Phase II Expansion Project in Cabo Verde. The financing is for the scaling-up of wind power generation and installation of battery energy storage, marking the country’s first such large-scale...

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to Proximo Intelligence contact us

Request Access

You might also like


Perspective
27 March 2026

Are climate funds a good fit for DFIs?

DFIs are increasingly turning to funds to deploy their capital, with the product increasingly rivalling project finance structures. But the benefits in scale and risk...

Perspective
31 March 2026

Has SkyNRG removed doubts about SAF’s future?

The financing for SkyNRG’s DSL-01 SAF plant represents a bold bet on the fuel by its offtaker KLM. Until the industry can silence doubts about costs and policy support,...