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Renewable energies: the State of Cameroon explores ways and means of investing in this sector



That's the takeaway from the first renewable energy forum held at the Yaoundé Hilton hotel on Friday, May 3, 2024, organized by the Ministry of Water and Energy with support from Huawei Digital Power.



In his opening speech, Gaston Eloundou Essomba, Minister of Water and Energy, highlighted the three major challenges to which it is important to find solutions: the challenge of security of energy supply, the challenge of energy prices, and the challenge of global warming due to greenhouse gas emissions. Despite the government's efforts, the rate of access to electricity remains low, with disparities between rural and urban areas. In the face of climate problems, urgent thought is needed to find solutions that preserve the environment while ensuring energy development. Energy transition is the model to adopt.



Under the theme “Renewable energies at the heart of Cameroon's socio-economic development: synergy of actions”, this forum aimed to propose the ways and means necessary to strengthen the contribution of renewable energies to our country's industrialization process by 2035. Four presentations enabled the experts to take stock of the issues.

The first gave an overview of the current state of renewable energies and their prospects. The second, by Huawei, dealt with energy autonomy solutions for all. The third presentation, by the Ministry of the Environment, Nature Conservation and Sustainable Development (Minepded), was on Green Finance: Opportunities for Renewable Energies, and the fourth and final presentation was on Investing in Renewable Energies: Opportunities and Challenges. The workshops provided an opportunity for experts to update participants and gather proposals or testimonials for strengthening the legal framework and investment opportunities in the renewable energies sector.


It was with this glimmer of hope that the 1st forum on renewable energies in Cameroon drew to a close.

 

Clément Noumsi

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