Despite Cameroon’s abundant resource potential, Cameroon’s energy access rate is very low. At the same time, the country has experienced rapid economic growth over the past decade, increasing the demand for power. Adding solar PV to Cameroon’s energy mix will rapidly scale-up the availability of energy, drive savings in fuel imports by reducing the need for expensive thermal generation and reduce the country’s carbon footprint.
The Government of Cameroon has executed a Memorandum of Understanding with JCM’s local partner, JCM Greenquest, to finance, develop, build and operate up to 500MW of solar PV in the country. JCM is currently developing a 72MW project in Mbalmayo, near the capital of Yaoundé. JCM is working with the Dutch development bank FMO, which has provided co-development capital, as well as the African Development Bank, which has supported the project with a grant from its Sustainable Energy Fund for Africa (SEFA).
This is one of the first large-scale renewable energy projects to be developed in Cameroon and will be one of the largest in Africa when constructed. We are proud to work with the Government of Cameroon in reaching their renewable energy goals.
Chief Development Officer, JCM Capital