Cabo Verde renewable energy target: Build a safe, efficient and sustainable Energy Sector without dependence on fossil fuels

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1 Cabo Verde renewable energy target: Build a safe, efficient and sustainable Energy Sector without dependence on fossil fuels USAID/ARE/ECREEE/ERERA/NARUC Integrating Clean Energy Regulation into Evolving Energy Markets May 21-23, 2013 Praia, Cape Verde Eng. José Brito josebrito1944@gmail. com

2 The consumption of electricity has doubled in the last 10 years Goals Indicator Growth rate GWh Brava Maio Boavista São Nicolau Fogo Santo Antão Sal 12% Energy Production +94% Installed Capacity +78% Territorial Elect. Rate +79% Demand +114% São Vicente Santiago 20% Clients +112% GDP +70% 52%

3 Strong growth in energy consumption per capita kwh/capita

4 Cape Verde achieved 95% electrification rate in 2010 The penetration doubled in just 10 years 100% % of Territory electrified 90% 89% 91% 95% 80% 70% 60% 53% 58% 61% 64% 69% 73% 76% 50% 47% 40% 30% 20% 10% 0%

5 Historical Data increase rate: 10,9 %/a increase rate: 10,3 %/a increase rate: 6,3 %/a source tables Energia Nacional

6 Development of Imports factor 12 in 11 year period source: tables Energia Nacional

7 Large potentials identified and manifold surplus in supply from renewable sources according to Atlas e Projectos de Energias Renováveis de Cabo Verde and Plano Energético Renovável

8 OUR VISION Energy Storage... Capacity Building Saving 100 % on imported fuel, Building an high efficiency agriculture, Building a modern cooling logistics for fishery and vegetables, Building a modern engineering and training society based on Renewable Energy VISIONARY, AMBITIOUS but FEASIBLE

9 IfaS Concept: 100+X% Regional Added Value 100+X % Renewable Energy Meeting Future Energy Demands with Renewable New intelligent and regional value adding Consumer 100% Water powered by 100%RE Securing affordable domestic water prices New Agricultural system for food security and luxury food crop (tourism) 100% Social Participation and Finance Investments in Cape Verde for Cape Verdeans (RE pension fund) 100% Integrated Circular Economy Approach New Industrial Ecology Concepts New Sustainable Sanitation and Waste Management New forms of agriculture with additional access to irrigation water New forms of craftsmen-ship Export Know-how to other African State

10 100% Renewable: Production/Demand shaded area represents over production to be used for additional water production, hydrogen production (incl. synth. methane), storage purposes,

11 Sal Energy Flow storage pumped hydro capacity 5 day charges 1,600 MWh power 80 MW wind 70 % pv 30 %

12 Average for all Islands

13 Macro-Economic Effect assumptions demand demand of 2020 (constant) fuel cost starting with fuel cost of 2012 HFO 180 cost 0,78 /kg increase 10,3 %/a (period ) Diesel cost 1,09 /l increase 10,9 %a (period )

14 Energetic Value of Oversupply seasonal storage pumped hydro assumptions cooking gas efficiency for production of synth. methane: 60 %; equivalent to 11 kg bottles LCOE energetic value of annual oversupply oversupply energy electro-mobility cooking gas desalinated water Boavista 59 % 57,8 GWh 385 Mio. km bottles 14,5 Mio. m³ Brava 53 % 1,8 GWh 12 Mio. km bottles 0,5 Mio. m³ Fogo 92 % 18,6 GWh 124 Mio. km bottles 4,6 Mio. m³ Maio 75 % 9,6 GWh 64 Mio. km bottles 2,4 Mio. m³ Sal 41 % 35,3 GWh 235 Mio. km bottles 8,8 Mio. m³ Santiago 103 % 322,4 GWh Mio. km bottles 80,6 Mio. m³ Santo Antão 46 % 10,4 GWh 70 Mio. km bottles 2,6 Mio. m³ São Nicolau 84 % 5,4 GWh 36 Mio. km bottles 1,3 Mio. m³ São Vicente 62 % 67,0 GWh 446 Mio. km bottles 16,7 Mio. m³ conversion 0,15 kwh/km 236 kwh/bot.* 4 kwh/m³

15 Investment per Island total investment pumped hydro ca. 1.3 billion synth. methane 1 billion

16 assumptions demand according to Gesto Study, business as usual scenario for 2020 LCOE Related to Demand

17 LCOE Related to Total Production assumptions production according to energy mix, assuming flexible additional demand

18 Centro de recursos no lugar de aterro em SBS Centro de recursos SBS Aterro sanitario SBS

19 Emission Reductions by 100 Renewable Supply assumptions demand of 2020 from Gesto study, business-as-usual - scenario estimated figures, only further increase of emissions by enhancement of installed power will be reduced by additional shares of renewable supply of up to 80% in 2050

20 100% Support: Education and Capacity Building Technical Transformation towards 100% Renewable Energy requires: New academic courses and programs Non-Academic education in Craftsmanship Accompanying training for project stuff Continuous scientific research actions Marketing strategy for education for the ECOWAS region Cape Verde as a training hub, both theoretical and practical

21 Corporate Tax 100% Ownership ON EQUITY Government of Cape Verde Intellectual Property Right Equity Interest & Annuity CV Circular Economy Research & Education Circular Economy Holding Cape Verde Dividend Capital Circular Economy Foundation Social Capital & Funding 15-25% EQUITY Interest + Dividend Social Community Fond Equity Mezzanine (Preferential Interest) 100% Cape Verde Investment Company Execution and Finance CE Projects CE Projects CE Projects Debt Capital (Limited Interest) Equity /Debt Equity Debt Application of CE Technology Research Results National CE Fond for Cape Verdeans FDI IFI & Sovereign Wealth Funds & RE Funds (Capital Costs >5% < 10%)

22 Information & Money Transfer Government of Cape Verde ARE New ELCTRA Holding ELECTRA Costumer Service & Billing ELECTRA Grid Management & Engineering (North / South) Advisory Service and Coaching PPA & Payment Service & Transmission Fees Cape Verde CE Investment Company EPC Contract Turn-Key Constuction RE Project (Production, Storage, Transmission) Tender Bid Supervision of Tendering and System Design Consultancy Fee (in of Investment) Technology Provider Monitoring, Awareness and Research Technical Assistance (Independent Institution) Technical Evaluation & Supervision Construction Phase ELECTRA RE Operation & Maintenance (North / South) CV Circular Economy Research & Education Cooperation and Joint Research & Education Transfer to ECOWAS

23 Regulatory Chalenges in acheving our Vision: 100% RE How regulation can help in achieving our vision? How to promote energy efficiency in market regulation to increase the role of renewable technologies How to design specific regulatory tools to integrate renewable energy production into existing electricity systems and capacity planning? Which Renewable energy incentive schemes to promote renewable technologies

24 THANK YOU!