Release by Scatec has entered into two new lease agreements with ENEO in Cameroon, expanding its existing solar and battery storage power plants in the country to 64.4 MW of solar and 38.2 GWh of batteries. Release completed the already existing solar plants in Maroua and Guider in Cameroon (35.8 MW solar and 19 MWh BESS) in September 2023, and is now adding 28.6 MW of solar and 19.2 MWh of battery storage. The Maroua and Guider solar power plants are based on the innovative Release solution of movable panels and batteries, which are deployed under a simple and flexible leasing contract.

Release has available funding for these projects based on the capital raise completed last year when Climate Fund Managers came in as equity investor with 32% ownership stake. When the extensions of the projects are completed, Release's projects in totality will supply energy to about 200,000 households in Cameroon, according to ENEO estimates, generating an annual production of about 141.5 GWh of electricity. In combination with the storage capacity the installation will ensure stable supply of electricity also during peak hours.

The projects were originally developed in partnership with Izuba Energy and Sphinx Energy.