The Sustainable Energy Fund for Africa (SEFA) approved at the end of 2014 a USD 777,000 preparation grant for JCM Greenquest Solar Corporation to support the development of a 72 MW Solar Photovoltaic (PV) power plant as the first renewable energy Independent Power Producer (IPP) in Cameroon. The SEFA grant will finance environmental and social impact assessments and the cost related to the technical, legal and financial advisory services.
Despite Cameroon’s abundant resource potential and availability of conventional (oil and gas) and renewable (hydro and solar) resources, Cameroon’s energy access rate is very low for the continent, standing at only 18% in 2013. The country’s installed capacity of 1,400 MW is largely based on hydropower (60%), which fluctuates greatly during the drought season forcing Cameroon to rely on expensive emergency thermal units. While there are plans for some large hydropower development, the implementation of solar PV will deliver power on much shorter timelines than hydro (lead time of less than two years versus four to six years for hydro) and provide a long-term predictable source of electricity over the next 25 years. The JCM project will additionally help diversify the energy mix in the country using a renewable source, […]