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.