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. In the US, the Department of Energy (DOE) has approved $28.6m (£19.8m) worth of solar projects and loan guarantees through its Solar Investment Generating System (SIG) programme. In its statement, the bank highlighted the importance of CFPS II loans to enable private sector aspirations to further unlock PV’s potential in emerging markets by overcoming the hurdles imposed by limited resource financing. 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. In the US, the Department of Energy (DOE) has approved $28.6m (£19.8m) worth of solar projects and loan guarantees through its Solar Investment Generating System (SIG) programme. All will supply energy to Indonesia's national power utility company, Perusahaan Listrik Negara.