| Product Code: ETC6684118 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Cape Verde continued to rely heavily on imports of offshore wind turbines, with Portugal, Senegal, Areas, Spain, and the Netherlands emerging as the top exporting countries. Despite a concerning high concentration level indicated by the Herfindahl-Hirschman Index (HHI), the market experienced a significant decline in both the compound annual growth rate (CAGR) and the growth rate from 2023 to 2024. This highlights a challenging environment for offshore wind turbine imports in Cape Verde, necessitating a strategic approach to address market dynamics and foster sustainable growth in the future.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cape Verde Offshore Wind Turbine Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Offshore Wind Turbine Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Offshore Wind Turbine Market - Industry Life Cycle |
3.4 Cape Verde Offshore Wind Turbine Market - Porter's Five Forces |
3.5 Cape Verde Offshore Wind Turbine Market Revenues & Volume Share, By Foundation Type, 2021 & 2031F |
3.6 Cape Verde Offshore Wind Turbine Market Revenues & Volume Share, By Location Proximity, 2021 & 2031F |
3.7 Cape Verde Offshore Wind Turbine Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 Cape Verde Offshore Wind Turbine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government support and initiatives for renewable energy projects in Cape Verde. |
4.2.2 Growing awareness and concern about climate change leading to a shift towards cleaner energy sources like offshore wind turbines. |
4.2.3 Favorable wind conditions in Cape Verde making it a suitable location for offshore wind energy projects. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with setting up offshore wind turbine projects. |
4.3.2 Lack of skilled workforce and expertise in offshore wind energy technology in Cape Verde. |
4.3.3 Potential environmental concerns and impact on marine life that could hinder the growth of offshore wind turbine projects. |
5 Cape Verde Offshore Wind Turbine Market Trends |
6 Cape Verde Offshore Wind Turbine Market, By Types |
6.1 Cape Verde Offshore Wind Turbine Market, By Foundation Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Offshore Wind Turbine Market Revenues & Volume, By Foundation Type, 2021- 2031F |
6.1.3 Cape Verde Offshore Wind Turbine Market Revenues & Volume, By Monopile, 2021- 2031F |
6.1.4 Cape Verde Offshore Wind Turbine Market Revenues & Volume, By Jacket, 2021- 2031F |
6.1.5 Cape Verde Offshore Wind Turbine Market Revenues & Volume, By Tripod, 2021- 2031F |
6.1.6 Cape Verde Offshore Wind Turbine Market Revenues & Volume, By Floating & Others, 2021- 2031F |
6.2 Cape Verde Offshore Wind Turbine Market, By Location Proximity |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Offshore Wind Turbine Market Revenues & Volume, By Shallow Water, 2021- 2031F |
6.2.3 Cape Verde Offshore Wind Turbine Market Revenues & Volume, By Transitional Water, 2021- 2031F |
6.2.4 Cape Verde Offshore Wind Turbine Market Revenues & Volume, By Deep Water, 2021- 2031F |
6.3 Cape Verde Offshore Wind Turbine Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Offshore Wind Turbine Market Revenues & Volume, By Up to 1 MW, 2021- 2031F |
6.3.3 Cape Verde Offshore Wind Turbine Market Revenues & Volume, By 1-3 MW, 2021- 2031F |
6.3.4 Cape Verde Offshore Wind Turbine Market Revenues & Volume, By 3-5 MW, 2021- 2031F |
6.3.5 Cape Verde Offshore Wind Turbine Market Revenues & Volume, By Above 5 MW, 2021- 2031F |
7 Cape Verde Offshore Wind Turbine Market Import-Export Trade Statistics |
7.1 Cape Verde Offshore Wind Turbine Market Export to Major Countries |
7.2 Cape Verde Offshore Wind Turbine Market Imports from Major Countries |
8 Cape Verde Offshore Wind Turbine Market Key Performance Indicators |
8.1 Capacity factor: Measure of how efficiently the offshore wind turbines are generating electricity. |
8.2 Levelized cost of energy (LCOE): Indicates the overall cost of electricity generated by offshore wind turbines over their lifetime. |
8.3 Grid integration: Assessing the ability to connect offshore wind energy to the existing grid infrastructure in Cape Verde. |
8.4 Operational downtime: Monitoring the frequency and duration of downtime for offshore wind turbines, impacting their overall productivity. |
9 Cape Verde Offshore Wind Turbine Market - Opportunity Assessment |
9.1 Cape Verde Offshore Wind Turbine Market Opportunity Assessment, By Foundation Type, 2021 & 2031F |
9.2 Cape Verde Offshore Wind Turbine Market Opportunity Assessment, By Location Proximity, 2021 & 2031F |
9.3 Cape Verde Offshore Wind Turbine Market Opportunity Assessment, By Capacity, 2021 & 2031F |
10 Cape Verde Offshore Wind Turbine Market - Competitive Landscape |
10.1 Cape Verde Offshore Wind Turbine Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Offshore Wind Turbine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |