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 . The 21 MW PV plant in question is the first utility scale project financed by the Asian Development Bank (ADB). All will supply energy to Indonesia 's national power utility company , Perusahaan Listrik Negara .
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 .