Cote Dlvoire, June 16 -- The Board of Directors of the African Development Bank Group has approved a €19.6 million financing package to support the Cabeolica Phase II Expansion Project in Cabo Verde.The project is the country's first renewable energy initiative to integrate wind power generation and battery energy storage systems (BESS) at scale.The financing includes a loan of approximately €12.6 million from the African Development Bank, and €7 million in concessional loan financing from the Bank Group-managed Sustainable Energy Fund for Africa (SEFA).Building on the success of the original Cabeolica power project commissioned in 2012, Phase II will add 13.5 megawatts of wind generation capacity and 26 megawatt-hours of ...