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View all search resultsSMI extends Rp 125 billion in financing to solar projects
The state-owned infrastructure financier has struck a deal with local solar project developer GREI as part of efforts to accelerate the national energy transition and boost green financing.
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A province-owned solar-powered water pump for coastal flooding control operates on Jan. 2, 2026, in Sayung district, Demak regency, Central Java. (Antara/Aprillio Akbar)
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tate-owned infrastructure financier PT Sarana Multi Infrastruktur (SMI) has signed an investment financing agreement with PT Greenroof Energy Indonesia (GREI) valued at Rp 125 billion (US$7.6 million) to help refinance operational rooftop solar power projects.
Signed on May 22 in Jakarta, the agreement is part of SMI’s efforts to support Indonesia’s energy transition and expand green financing for renewable energy projects, particularly in the commercial and industrial sectors.
GREI is a member of CN Green Roof Asia Pte. Ltd., a joint venture backed by The Hague-based Climate Fund Managers through Climate Investor One (CI1) and the Norwegian Investment Fund for Developing Countries (Norfund). It focuses on solar and energy storage investments across Indonesia, Vietnam and the Philippines.
CI1 is a $1 billion blended finance facility that focuses on renewable energy infrastructure in emerging markets. It is supported by public and private investors, including the European Commission’s Global Gateway initiative.
Norfund, which invests in sustainable development projects in developing countries, recorded more than $4 billion in investment commitments across Southeast Asia, sub-Saharan Africa and Central America in 2024, with around 40 percent of its portfolio allocated to green energy projects.
Read also: Why Indonesia must write ASEAN’s green rules
SMI financing and investment director Sylvi Juniarty Gani said the agreement reflected the company’s commitment to accelerating Indonesia’s energy transition while strengthening the country’s green financing ecosystem.
