|
Financing problems of photovoltaic panels in cameroon( Télécharger le fichier original )par Rommel TCHABA NOUKEU Geneva Business School - Bachelor of science in Finance 2013 |
5.1 General Conclusion:Depending on the different questions asked and practical cases studied, this research could conclude that solar energy is a real alternative to settle the deficit in electric power in Cameroon. However, the realization of such a project in Cameroon depends on several aspects namely: institutional, environmental, economical and financial aspects but unfortunately these aspect are characterised by lot of barriers which can hinder the installation of photovoltaic panels in Cameroon. Though a middle-class household with the moderate income revenue can probably afford for these photovoltaic panels, obstacles such as: corruption, elevated taxation, non-controlled urbanization and pegged currency can be a barrier. Secondly, we have simulated a case study to evaluate the feasibility of the project based on the level of profitability we expect, such a project with a level of weighted average cost of capital (WACC) is 12%, but it follows the net present value which was negative showing an insufficient level of profitability compared to the expected level of profitability. Finally, funding for solar panels is a luxury for Cameroon therefore we are not able to afford under such conditions, nevertheless the government should be incentive based on a policy of proactive actions at reducing the cost that would be a solution. At the same, to guarantee a price paid to producers of renewable energy for a given period is a second solution. Also, it can create the mechanisms through which the state finances in cash part of the initial investment, that would be a third solution. Finally, the government can also reduce the rate of taxation imposed on photovoltaic panels producers; it can eventually establish a fixed guarantee rate to encourage solar energy investment15 15 La Revue : `'LE SOLAIRE ESPOIR DE LA PLANETE»P.14 Bibliography & References ? Emmanuel Riolet Title: L'Energie Solaire et photovoltaïque pour le particulier Area/ Date: France 2010 ? J-Lapôtre & P.P Louviez Title: Energies Renouvelables: Le photovoltaïque et éolien Area/Date: France 2012 ? Anne Labouret Title: Installations Photovoltaïques Area/Date: France 17 October 2012 ? A.LABOURET, P.CUMUNEL, J-P BRAUN, B.FARAGGI Title: »`'LES BASES DE L'ENERGIE PHOTOVOLTAIQUES» Area/Date: France 2011 ? La Revue Title: Le solaire espoir de la planète Area/ Date: France May 2011 Articles: « Energie Solaire: Faut-il croire au photovoltaïque?» www.jeuneafrique.com «Electricité en Afrique: l'auto crise» www.Armelopost.wordpress.com `'créneaux porteurs du secteur secondaire `' www.dasp-senegal.com» `'Directives portant nomenclature budgétaire» www.droit-afrique.com `' `' Les énergies renouvelables : cas de l'énergie solaire» www.gvepinternational.org 'The Sun Rescues Rural Cameroonians from «Incessant Darkness» http://www.ipsnews.net/ Web sites: http://en.wikipedia.org/wiki/Solar_panel www.lanouvelleexpression.info www.transparency.org http://en.wikipedia.org/wiki/Weighted_average_cost_of_capital www.thecommonweath.org www.cameroon-photovoltaic.info Documents: ? Mise en oeuvre de l'agenda 21 pour le Cameroun Title: Rapport national du Cameroun sur l'environnement et le développement durable 2001 ? Cameroon &Renewable Energy 2009 ? The solar Energy Initiative 2011 APPENDICES Figure 1: Map of Cameroon Source: Commonwealth.org
Figure 2 : Solar Panel Diagram An electrical device that converts the energy of light directly into electricity by the photovoltaic effect Source: Ron Curtis & Mr Solar.com
Figure 3: solar cell Here is a diagram explaining the operation of a solar cell Source: Lasmotorhomes.com
Figure 4: A solar system in a household (with a television) Source: Lasmotorhomes.com
Figure 5: Evolution of the demand and supply of electrical energy Source: www.camereco.com
Figure 6: Price ranges per kilowatt of the consumption of a solar equipment Source: www.agencecofin.com
. Figure 7: Installation's cost of a solar systemn in a household in Cameroon Source: own representation
Figure 8 : internal rate of return and NPV Source: own representation
|
| |||||||||||||||||||||||||||||
