Global Organization
The investment indicators for this project are quite bankable that the Yaounde City Council, with the recent decentralization of municipalities, could source partnership agreement with the Rural Electrification Agency in lobbying solar energy investors to set up this project which could be used as an additional source of income for the council.
Yaounde has an annual solar radiation of 4.69 kWh/m 2 /d where the month of July had the least average solar radiation and January has the highest solar radiation. Table 2. Average monthly solar PV electricity exported to the grid 3.1. Electricity generation
The feasibility of the grid connected solar PV was conducted for Yaounde with available satellite data from RETScreen’s data base. Table shows the site’s characteristic. Table 1. Geographical data of the site
The theoretical national average of electricity production potential from solar energy in Cameroon is estimated at 2327.5 TWh which is about 20 times the hydroelectric potential (19.7 TWh; Ministry of Energy and Water Resources—Cameroon, 2015; SIE-Cameroon, 2011).
The solar PV project’s cost of energy (COE) was $75.43/MWh or $0.075/kWh which is equivalent to 48.75 FCFA/kWh. This is cheaper than the electricity price of 84 FCFA/kWh for commercial users (Electricity Sector Regulatory Agency (AESEL), Citation 2012) in Cameroon.
Economic viability of the solar PV project show the economic viability of the solar PV project with a cost of energy (COE) of $75.43/MWh or $0.075/kWh which is equivalent to 48.75 FCFA (far less than the 82 FCFA tariff for commercial users in Cameroon).
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1. Introduction. Cameroon is currently suffering from severe power shortage which has greatly slowed down economic growth and has increased hardship.
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