13 December 2021: Release by Scatec has entered into a lease agreement with electricity company ENEO in Cameroon to deliver two hybrid solar and storage plants totalling 36 MW solar and 20 MW/19 MWh storage. The plants will supply low cost, clean and reliable electricity in Maroua and Guider in the Contact online >>
13 December 2021: Release by Scatec has entered into a lease agreement with electricity company ENEO in Cameroon to deliver two hybrid solar and storage plants totalling 36 MW solar and 20 MW/19 MWh storage. The plants will supply low cost, clean and reliable electricity in Maroua and Guider in the Grand-North of Cameroon. IFC is partnering with Release to realise these redeployable projects.
Release by Scatec will further install 7.7 MWp solar in Chad to supply clean, renewable energy to five smaller grids owned by ZIZ Energie. FMO and Energy Access Ventures back the Chad project.
"We are pleased to enter into this agreement with ENEO, which further fuels our journey to make renewable energy more accessible and affordable across growth markets. The deal marks our entry into the Cameroonian market, and we are proud to contribute with a cost-efficient and immediate solution to a cleaner and more stable electricity supply in a region suffering from power shortages caused by droughts limiting the supply of hydropower," says Raymond Carlsen, CEO at Scatec.
Release by Scatec is a pre-assembled, modular and redeployable solar power and storage system, allowing for fast and easy power generation. ENEO and Release by Scatec have entered into a flexible contract term that enables ENEO to coordinate the generation capacity with their needs going forward.
IFC will contribute 10-20% of the project costs of the Cameroon project and will further support the development of Release by Scatec through project development activities and future financing.
"Access to sustainable, reliable and affordable power is essential to economic recovery and growth.IFC is proud to partner with Scatec''s Release to help bridge the power gap in Cameroon through a unique solution that enables solar power systems to be quickly deployed to help meet the electricity needs of today while paving the way for more competitive, cleaner and long-term energy sector sustainability in Cameroon. This partnership fits with the World Bank Group''s mandate to align its work with the Paris Agreement goals to help our private and public sector partners meet global climate targets," says Sylvain Kakou, IFC''s Country Manager for Central Africa.
The first power is expected to be delivered around year end 2021, and the remaining will be delivered in phases, where the full project is expected to be completed by mid-2022.
The pay-back time for Scatec''s investment in the project is in line with previous guidance around the Release business concept.
"The structure of this project is unique as it ensures supply of clean and reliable energy for governments and utilities, without sovereign guarantee requirements or parliamentary approvals. We believe this model will be a sound solution for many utilities in Africa struggling with power shortages and grid instabilities," says Hans Olav Kvalvaag, SVP Release by Scatec.
In Chad, Release by Scatec is installing 7.7 MWp of solar plant capacity across the country, which will support clean energy access to 300,000 people across 5 provincial cities and their newly built decentralised "metro-grids" developed and operated by local private utility ZIZ Energie. ZIZ Energie is backed by the Dutch FMO and Energy Access Ventures and has recently received funding from the Development Bank of Central African States (BDEAC), to build grid infrastructure and connections to provide access to electricity for households and industries in the proximity. Installation of the power plants is expected to be finished during 2022.
The projects in Cameroon and Chad add to Release by Scatec''s ambitions of providing cost-competitive, high-quality and redeployable renewable energy solutions with a unique financing model to countries and consumers that are hit hardest by the impact of climate change.
About Scatec ASAScatec is a leading renewable power producer, delivering affordable and clean energy worldwide. As a long- term player, Scatec develops, builds, owns and operates solar, wind and hydro power plants and storage solutions. In the first half of 2021, Scatec will have a total of 3.3 GW in operation on four continents and more than 500 employees. The company is targeting 15 GW capacity in operation or under construction by the end of 2025. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ''SCATC''. To learn more about Release by Scatec, visit .
About IFCIFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2021, IFC committed a record $31.5 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of the COVID-19 pandemic. For more information, visit
Design and development by Stem Agency
The plants are located in Maroua and Guider, in the Grand-North Cameroon.
“We are pleased that this day is finally here, and we get to celebrate this major milestone at Release, where we pride ourselves in making renewable energy easily accessible and affordable across growth markets,” says Hans Olav Kvalvaag, CEO at Release.
The Release by Scatec pre-assembled solar power and battery storage system is a unique solution and the first of its kind to be deployed in Cameroon. The Maroua and Guider solar power plants are an innovative solution, and they are equipped with over 44,800 bifacial solar panels mounted on trackers, which will help maximise energy production throughout the day. The installations will generate 80 GWh of electricity each year. We are proud to say that our fight against climate change will be evident, as the plants will make a significant contribution to reducing CO2 emissions, with an estimated saving of almost 60,000 tonnes per year.
The solar power plants have been completed in phases generating electricity throughout 2022 and are now fully completed. There have been reports of significant improvements of electricity supply in the northern parts of Cameroon. Regions that fall under the Northern Interconnected Network were prone to experiencing power outages. Today we are proud to say that they have more stable power in the country courtesy to our rapidly deployable leasing solution. Residents and industries are benefiting from the two solar power projects in the northern parts of Cameroon.
“Having looked at the success of the two projects and how it has helped improve the electricity supply in Cameroon, Release is well positioned to further strengthen power supply in Cameroon with more capacity,” explains Arnaud Gouet, SVP Utilities at Release.
The Scatec and ENEO team, as well as the sub-contractors and local staff showed great commitment to the success of these projects.
Arnaud Gouet expressed his gratitude saying, “These solar power plants are the result of a fruitful collaboration between the public and private sectors. They embody innovation through ground-breaking contracts, symbolising the collective determination to meet the energy needs of the Far North region cleanly and efficiently. This initiative was made possible by the expertise and vision of all parties involved.”
“We would like to thank the Release team that has been working tirelessly on this project and this day would not be possible without your hard work and dedication. We would also like to thank the ENEO team for believing in us and the fruitful partnership that we have developed over the years. And a big thank you to the Cameroonian Government for trusting us with these projects,” says Hans Olav Kvalvaag.
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