Yaoundé - 25 January 2020 -

Cameroon: GDS Orion Solar to invest XAF15 billion in Ngaoundéré solar plant (20MW)

Cameroon: GDS Orion Solar to invest XAF15 billion in Ngaoundéré solar plant (20MW)
  • Comments   -   Tuesday, 02 July 2019 15:12

(Business in Cameroon) - GDS Orion Solar plans to invest XAF15 billion in the construction of its 20MW solar plant in Ngaoundéré, Cameroon. This information was revealed on June 21, 2019, during the signature of an investment agreement by the investment promotion agency API and GDS Orion Solar.

With this agreement, the energy project will benefit from the incentives provided by the 2013 law on private investments in Cameroon. This law amended in 2017 grants various tax and tariff incentives to investing companies for five to ten years.

GDS Orion Solar indicates that the Ngaoundéré solar plant, which will become the largest of such infrastructures in the country, will help provide 290 jobs. Apart from providing energy to the population, it will help diversify the country’s energy mix in which solar, wind and biomass energy represents less than 1% of the whole mix.

The choice of making Ngaoundéré host the infrastructure is not by accident. Indeed, according to various studies, the three northern regions in Cameroon (Adamaoua, the North and the Far-North) are the most exposed to the sun in the country. According to the energy regulator (Arsel), the average daily sun exposure in these parts is 5.8 kWh/m² while in the south, it is 4 kWh/m².

There is little information on GDS Orion Solar but some sources indicate that it is a joint-venture formed by French producer Générale du solaire and financial partners like Arborescence Capital, which has had interest in the Ngaoundéré project since its elaboration.

Brice R. Mbodiam

In a briefing note signed on January 23, Louis Paul Motaze (photo), Cameroon’s Minister of Finance (Minfi), encouraged the business community to maintain...
During the cabinet meeting held January 23 in Yaoundé, the Minister of Finance, Louis Paul Motaze, produced an update on Cameroon's membership in...
Pamol Plantations PLC and Cameroon Development Corporation (CDC), the two agro-industrial units which have been paying the heaviest price for the ongoing...
In Cameroon, stock farmers of the Far-north just received 2,000 small ruminants in the framework of Prodel, an animal husbandry development programme...

Mags frontpage

Business in Cameroon n82-83: December 2019-January 2020

CFA: The debate is open in the CEMAC

Cameroon becomes CEMAC’s financial center

Investir au Cameroun n92-93: Decembre 2019-Janvier 2020

Franc CFA : le débat est ouvert en zone CEMAC

Le Cameroun devient la place financière de la CEMAC