The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

Scatec doubling solar and storage projects’ capacity in Cameroon

LinkedIn
Twitter
Reddit
Facebook
Email

Norway-headquartered renewable energy company Scatec will add 28.6MW of solar PV and 19.2MWh of battery energy storage systems (BESS) to projects in Cameroon, via a local subsidiary.

Subsidiary Release has signed two new lease agreements with ENEO, a partially state-owned electricity company in Cameroon, to expand its Maroua and Guider projects, which it commissioned last September.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The expansion will increase the size of Release’s Cameroonian portfolio to 64.6MW of solar capacity, alongside 38.2MWh of batteries, and follows a US$26 million investment made into the projects.

“This extension is a testimony to the success of the initial projects and to the benefits provided by our innovative offering,” said Release CEO Hans Olav Kvalvaag. “By increasing the installed capacity in the country, we are reaffirming our collaboration with ENEO and our commitment to Cameroon as a key market for our solutions.”

The two projects were initially developed alongside African engineering, procurement and construction (EPC) firms Izuba Energy and Sphinx Energy. The next round of expansion work will be partially funded by Climate Fund Managers, a Dutch investment group, which reached an agreement to provide Release with US$102 million in financing last July, in exchange for a 32% ownership stake.

See the original version of this article on PV Tech.

Read Next

July 19, 2024
Project owners Quinbrook and Primergy have put their 1.4GWh Gemini solar-plus-storage project in Nevada online, claiming it is the largest such project in the US.
July 18, 2024
The Spanish government has progressed plans to launch a competitive auction for renewable generation and energy storage in two regions where coal plants have been retired, totalling 829MW of capacity.
Premium
July 17, 2024
Energy-Storage.news Premium speaks to one of the chief architects of the Capacity Investment Scheme (CIS), aimed at breaking down barriers to investment and deployment in Australia’s renewable energy and storage sectors.
Premium
July 16, 2024
Independent power producer (IPP) Atlas Renewable Energy discussed its large-scale BESS projects in Chile, where gigawatts of projects are expected to come online in the next few years.
July 12, 2024
Emerging energy storage markets across Asia face a similar learning curve today as their maturing counterparts have done in the past.

Most Popular

Email Newsletter