Renewable Energy: Challenges of sustainable development and financial instruments

Comapanies of every sector face difficulties an those who do in clean energy are not an exception. Reason been why a variety of actors such as dreams power, PRIMO, MAYAMA Power and other stakeholders came together on February 27th, at Krytal Palace douala-Cameroon to discuss the challenges of sustainable development and financial instruments.

Part of this national electrification project is the targeting of a 100 villages mainly in the North and northwest region of Cameroon over a period of 5 years.
we have defined precise criteria for selecting the beneficiary villages. these criteria are designed to ensure effective and sustainable implementation, involving local stakeholders.
At the national and international level, Companies face problems such as climate change, government regulations, carbon taxe, a reduction in the cost of energy which push them to use renewablr energy which could be a long term solution.
Approximately 600 million africans have access to electricity, Cameroonians in particular still have some requirements as for as clean energy is concerned.
The reasons to invest in renewable energy remain positive as it free, competitive, it manages finance and is innovative.
As renewable energy continues to evolve over the years, populations await to weatness the implementation and praticability of this project.

Source: International Business Africa