
The RES Group (Renewable Energy Systems) is the world's largest independent company, having been in the sector for more than 40 years. As of 2023 , the company had established more than 23 gigawatts of renewable energy projects worldwide and supported more than 12 gigawatts operations. Employing more than 2500 people in 14 countries, it operates onshore and in wind and , in energy storage and in transmission and distrib. [pdf]

Electra is the main electricity and water company in . It was founded as a public company on April 17, 1982 (under decree-law no. 37/1982) by the merger of Electricidade e Água do Mindelo (EAM - Mindelo Electricity and Water), Central Eléctrica da Praia (CEP - Praia Central Electricity) and Electricidade e Água do Sal (EAS - Sal Electricity and Water). In 1998 it was c. . Cape Verde aims to get 50% of its electricity from resources by 2030 and 100% by 2050. This coincides with aims to bring down energy import costs and help the environment by reducing . The country has integrated wind and solar in its energy system. It also has the potential to utilize emerging technologies as . [pdf]
Cape Verde has but one electricity company (Electra) and Cape Verde has one of the highest electricity prices in the world. Furthermore, the electric system is inefficient and registers energy losses of around 30%.
The Cape Verdean government has approved the privatisation process of Electra, an electricity and water company, involving the division into two companies, for production and distribution of electricity, and subsequent sale of up to 75% of the capital to strategic partners.
Despite contributing to an above-average electrification rate of 95 per cent in Cape Verde, the state-owned electricity company Electra hasn’t been as profitable as expected. The government wishes to reboot the company to take advantage of the country’s immense potential in renewable energy.
Efficient electricity in Cape Verde is crucial to the tourism industry, the main driver of the national economy. Cape Verde officials call on CPCS to help them restructure and transfer the national electricity utility to the private sector.
Solid waste can also represent an adequate option while ocean and geothermic energy are being tested, with uncertainties remaining as to their efficiency. Cape Verde has an estimated potential of 2,600 MW of renew-able energy, and more than 650 MW have been studied in concrete projects, which have lower production costs than fossil fuels.
Verdun Oil Company II LLC completed the acquisition of EP Energy Corporation. Verdun Oil Company II LLC completed the acquisition of EP Energy Corporation. Verdun Oil Company II LLC agreed to acquire EP Energy Corporation for $1.4 billion on July 26, 2021. The transaction is subject to FTC approval.

The first were installed in 2009, and are not associated with storage. The installed capacity is 13 MW, in particular via the Longoni power plant, inaugurated in 2010. Solar energy is the only renewable energy with significant development potential on the island; the wind potential (22 MW according to a study) would not lead to a significant production because the wind blows only 6 months per year. [pdf]
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