InfraCo Africa, part of Private Infrastructure Development Group, has signed a Convertible Loan Agreement with Project Élan 1 SAS, committing up to US$1.7 million to develop Project Élan Solar in Cameroon. The project is sponsored by established developerss GSC Energ Ltd and Sturdee Energy Ltd and will be one of Cameroon’s first commercial-scale solar photovoltaic plants.
Élan Solar will be built in the Garoua area of northern Cameroon. Expected to be built in a single phase, it is anticipated that the 50 MWAC plant will begin delivering much-needed power to the country’s Northern Interconnected Grid in 2021.
Country updates
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January 28, 2019
MIGA issues financing to 420 MW hydropower project in Cameroon
MIGA agreed to issue guarantees of up to EUR164.5 million (US$187.9 million) covering EDF and STOA’s equity and quasi-equity investments in the Nachtigal project. The guarantees are issued...
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December 04, 2018
STOA and Africa50 acquire a stake in the 420 MW hydro project in Cameroon
STOA and Africa50 has signed the shareholders’ agreement and associated share transfer agreements for the 420 MW hydropower project. The Nachtigal project consists of the design, construction a...
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November 08, 2018
EDF, IFC and the Republic of Cameroon sign final and binding agreements for 420 MW hydropower project
EDF, IFC, and the Republic of Cameroon signed final and binding agreements for the construction of the Nachtigal hydropower plant. The project entails the design and construction of a 420-MW hydropow...
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October 16, 2018
EIB approves financing for 420 MW hydropower project in Cameroon
The European Investment Bank (EIB) has announced that it has approved financing for the 420 MW Nachtigal hydropower project in Cameroon, which has an estimated total cost of EUR1.17 billion (US$1...
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November 30, 2017
The African Development Bank Group has approved a loan to help finance development of the project
