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Cape Verde Overhead Power Transmission Line Industry Analysis
The Cape Verde archipelago, located off the coast of West Africa, has a small but growing electricity market. Despite being a small island nation, Cape Verde has shown potential for renewable energy development, particularly in wind and solar energy.
Currently, the transmission and distribution of electricity in Cape Verde are managed by the state-owned company, Electra. The country has a limited transmission infrastructure, with a 30 kV power line connecting the islands of Santiago and Fogo. There are plans to construct a new 66 kV line connecting the islands of Sal and Boavista, which would increase the transmission capacity and reliability of the network.
One of the major drivers for the development of the electric power transmission lines industry in Cape Verde is the country's growing demand for electricity, which has been increasing steadily in recent years due to population growth and economic development. The government has set an ambitious target to achieve 100% renewable energy generation by 2025, which has led to a focus on the development of renewable energy infrastructure and grid expansion.
Another driver is the potential for the export of renewable energy to neighboring countries, which could provide an additional source of revenue for the country. The government has already signed a Memorandum of Understanding with Mauritania to export wind-generated electricity to the country.
However, there are also challenges facing the industry, such as the limited transmission infrastructure, which can hinder the development of renewable energy projects in remote areas. In addition, the country's small size and scattered population make it difficult to achieve economies of scale, which can increase the cost of electricity for consumers.
Despite these challenges, the industry outlook for the electric power transmission lines industry in Cape Verde is positive. The government's commitment to renewable energy development, combined with the potential for electricity exports, creates opportunities for growth in the industry. However, there is a need for investment in transmission infrastructure to support the development of renewable energy projects and ensure the reliability of the network.
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