The total investment of this project was about 900.000,00 € (1.800 €/kW), including the 50% grant awarded by the Government of The Netherlands.
The Project of Wind Park of Santo Antão does not benefit from a subsidized price for the electricity injected into the electric grid. The income results only from the power purchase agreement signed with the electric national utility. Even so, the financial results have been positive for all the partners involved.
The fuel saving allowed by the wind power production during the period 2011/2018, represents a financial saving on fuel import amounting to almost twice the project cost. This is an impressive macro-indicator for a country that imports almost 90% of national goods consumption.
The environment benefited from the saving of 6.909 Ton of CO2 emission, an average of 864 Ton/year.
Concerning the electric national utility ELECTRA, the operation of the wind park has been very profitable, considering that the purchase price of the wind power electricity feed into the grid has been much lower than the avoided cost of fuel.
Finally, regarding the company ELECTRIC WIND the financial results have been also positive allowing the company to pay all its investment costs.