
On 12 April 2012 the global environment facility (GEF) project, Promoting Market-based Development of Small- to Medium-Scale Renewable Energy Systems in Cape Verde, was officially launched at an event in Praia, Cape Verde. UNIDO, in cooperation with ECREEE and the Ministry for Tourism, Industry and Energy (MTIE), Cape Verde, will execute the project over the next three years. The project is co-funded by the GEF with a grant of US$1.8m.