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Financing problems of photovoltaic panels in cameroon

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par Rommel TCHABA NOUKEU
Geneva Business School  - Bachelor of science in Finance  2013
  

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2.1 Overview of the sector

The world today suffers a global energy crisis, affecting both oil producing countries as well as non-oil producers. Yet these countries are developing strategies to cope. In Cameroon, the demand for energy is not satisfactory and the rate of access to conventional energy is very low in the order of 15% for electricity and 18% for domestic gas. In addition, access to electricity is less than 5% in rural areas against 50% in urban areas. After an analysis of the World Bank, the investment in electricity for developing countries will be about $ 185 billion per year over the period 2011-2020.However, in the context of diversification of sources of energies, Cameroon among others interested in an energy of solar origin characterized by its availability and inexpensive cost. In fact Cameroon is located in the Gulf of Guinea. It covers an area of 475,442 km2, with an estimated population of 16.3 million and enjoys sunshine estimated 4kwh/j/m2.

In Cameroon, the energetic problem exists because of the lack of domestic production and AES-Sonel source cuts (load shedding) are permanent daily. The electric sector in Cameroon is ambiguous.

Electricity sector in Cameroon has faced Challenges such as: - Increased electrification in all areas both rural and urban:

? Improvement of the access rate to electricity

? Improvement of the quality of service of electricity

? Reduction cost of household consumption through the funding support of the state

Nevertheless, solar energy is an option to solve the challenges of the Government in terms of urban and rural electrification.

2.2 Definition of photovoltaic panel

A solar cell (also called a photovoltaic cell) refers to an electrical device that converts the energy of light directly into electricity by the photovoltaic effect. It is a form of photoelectric cell (in that its electrical characteristics-- e.g. current, voltage, or resistance--varies when light is incident upon it) which, when exposed to light, can generate and support an electric current without being attached to any external voltage source. (Figure 2)

2.3 Concepts and method of use of a photovoltaic panels 2.3.1 The Concepts of photovoltaic panels

We will now try to understand how the electricity is generated from the light, and how that electricity is produced.

Everyone knows that: «Nothing is lost, nothing lives without transformation, and everything is transformed»4. The function of a solar cell is to convert light energy into electricity. All transformers are therefore photo generating energies which, when exposed to light, produce electrical energy.

Photovoltaic cells are manufactured as electronic chips, the transistors from semiconductor materials. Nevertheless, the materials have electrical conduction properties intermediate between those of metals and insulators and in particular they are the property of converting light into electrical load they receive5. Here is a diagram explaining the operation of a solar cell. (Figure 3)

When light enters a semiconductor, its photons provide an energy allowing electrons to break free and to move into the light, as a result there is electric current under light exposure.

4 A.LABOURET, P.CUMUNEL, J-P BRAUN, B.FARAGGI «LES BASES DE L'ENERGIE PHOTOVOLTAIQUES» p.34.

5 EMMANUEL RIOLET `'L'ENERGIE SOLAIRE ET PHOTOVOLATAIQUE POUR LE PARTICULIER `'p.10.

2.3.2 Method of use of a photovoltaic panels

It is utmost important to reflect on the good use of solar energy, by specifying what is possible and what is not yet possible. The main advantage of the solar panel is the ability to provide a range of operating a device necessitating a source of independent power.

The electrical equipment are fully autonomous but can be moderated and placed outside or can be powered by panels exposed to the outside6, the different types are:

? Lighting and home-entertainment system using a DC with a solar module and battery.

? Houses and isolated using a telecommunication system has DC with several solar modules and a string of batteries

? Pumping water using a system without a DC battery

? Professional equipment and solar

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