The Asian Development Bank ( ADB ) is providing a $ 500 m financing package for four photovoltaic ( PV ) plants with a capacity of 21 MW in Indonesia . The country hopes to boost renewable energy generation to 23 % of overall installed capacity by 2025 . The ADB investment handed to four subsidiaries of Vena ##tor , Asia 's largest independent solar producer , will fund a 21 MW PV plant in Likupang , South Sulawesi , and three 7 MW sites in Pringgabaya , Bali and Sengkol , all in Lombok , West Nusa Tenggara . All will supply energy to Indonesia 's national power utility company , Perusahaan Listrik Negara .
The Asian Development Bank (ADB) is providing a $40.2m financing package for four photovoltaic (PV) plants with a capacity of 42 MW in Indonesia. The country hopes to boost renewable energy generation to 23% of overall energy capacity by 2025. The ADB investment handed to four subsidiaries of Vena Energy, Asia's largest independent power producer, will fund a 21 MW PV plant in Likupang, North Sulawesi, and three 7 MW sites in Pringgabaya, Selong and Sengkol, all in Lombok, West Nusa Tenggara. All will supply energy to Indonesia's national power utility company, Perusahaan Listrik Negara.