Infos Business of Friday, 27 March 2015

Source: pv-tech.org

AfDB to back 72MW PV project

The African Development Bank (AfDB) is set to back a 72MW PV project in Cameroon, expanding the country's solar pipeline to around 200MW.

The AfDB’s Sustainable Energy Fund for Africa will hand out a US$770,000 grant to JCM Greenquest Solar Corporation in order to develop what would be Cameroon’s first independent power producer (IPP) renewable energy project.

Cameroon has only 1,400MW of installed power generation capacity today, with most of it coming from hydropower.

The country is hoping to reach 75% electrification by 2030, up from the current 18% today.