ADB to Finance Solar Projects Worth $40 Million in Indonesia

Indonesia has set a renewable energy target of 31 percent of its overall energy mix by 2050

May 24, 2018

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The Asian Development Bank (ADB) will fund solar photovoltaic (PV) projects worth $40 million in Indonesia. The bank has announced a private sector financing package totaling $40 million to invest in Indonesia’s first utility-scale solar PV projects on a project-finance basis. ADB will finance 42 MW of solar PV projects in the country.

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Saumy Prateek

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ADB to Finance Solar Projects Worth $40 Million in Indonesia

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