Recently, the ADB approved an amount of 38.5 million FCFA in financing the Sustainable Energy Fund for Africa (SEFA in English) to prepare the first ever independent power production project in solar energy.

This financing granted to JCM Greenquest Solar Corporation will enable feasibility studies to be carried out on the 72 MW solar plant construction project.

“As the country’s first IPP project in the area of renewable energies, we hope that it will encourage development in renewable energies in Cameroon and attract more investors in clean energy,” stated Michaël Strait, Managing Director of JCM Capital.