As the first renewable energy IPP in the country, we believe this project will jump start the development of renewables in Cameroon and attract significant investment to the clean energy sector," said Michael Strait, Managing Director, Development Group, JCM Capital.
Michael Strait, JCM's COO, comments, "JCM has the necessary capital, construction and long-term financial partners, as well as solar PV expertise to complement our local partners' market knowledge and project management capabilities."
Michael Strait, chief operating officer of JCM Capital told pv magazine that both the acquisition and construction of up to 120 MW worth of rooftop and ground-mount photovoltaic projects will take place over the next two to three years.
"Collectively [the partnership has] built a 200 MW pipeline of potential projects to target together," he
Currently, Mr. Strait
said a five MW portfolio is under construction, for which feed-in tariff (FIT) contracts have already been secured.
Responding to what the plans for the future are, Strait
said, "This is the third round of development funding that JCM
has deployed and, therefore, it has maintained and talked with a strong group of potential early stage capital providers.