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View all search resultsADB approves $470m loan to accelerate RI’s clean energy shift
The Asian Development Bank (ADB) has approved a $470 million results-based loan for state-owned electricity provider PLN to expedite Indonesia’s transition to renewable energy.
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A farmer stands on a boat passing through solar panels on Oct. 12, 2025, at the Rawa Pening floating solar photovoltaic plant in Tuntang, Semarang regency, Central Java. (Antara/Aprillio Akbar)
T
he Asian Development Bank (ADB) has approved a US$470 million results-based loan for state-owned electricity provider PLN to expedite Indonesia’s transition to renewable energy.
The funding marks the first phase of the Accelerating Indonesia Clean Energy Transition Program, which will support the development of solar photovoltaic and wind power projects, improve critical electricity grids in the Java-Madura-Bali, Sumatra and Sulawesi systems and enhance PLN's capacity to manage Indonesia’s energy transition efforts.
The program is projected to cut carbon dioxide emissions by up to 2.5 million tonnes annually.
“This program marks a significant step in Indonesia's journey toward a cleaner and more sustainable energy future,” Renadi Budiman, ADB deputy country director for Indonesia, said in a press release issued on Wednesday.
"By supporting PLN's renewable energy targets and strengthening its grid infrastructure, we are helping Indonesia lay the foundation for long-term energy security and regional connectivity."
The program, scheduled for implementation from 2026 to 2031, comprises $470 million from ADB's ordinary capital resources and $30 million from ADB-administered funds. This includes the ASEAN Infrastructure Fund and contributions from the European Union and the United Kingdom via the ASEAN Catalytic Green Finance Facility.
It also includes a $3 million grant from the Energy Access and Transition Trust Fund, established by the Global Energy Alliance for People and Planet (GEAPP).
