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Jakarta Post

SOE solar energy project to cost Rp 143 trillion

  • Stefanno Reinard Sulaiman

    The Jakarta Post

PREMIUM
Jakarta   /   Mon, August 12, 2019   /  01:44 pm
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Students and teachers take a look at a solar farm at SMP 9 state junior high school in Jakarta. The government plans to install rooftop solar panels on all assets and offices of state-owned companies across Indonesia(The Jakarta Post/Ricky Yudhistira)

The government plans to install rooftop solar panels on all assets and offices of state-owned enterprises (SOEs) across the country by 2025 as part of efforts to increase the renewable energy use in the country’s energy mix. The ambitious project, which is expected to be able to generate 1.4 gigawatts peak (GWp) of electricity is estimated to cost about Rp 143 trillion (US$986 million). The estimate was made by PT LEN Industri, which will provide the technology for the master plan of the solar energy project. "We expect to finance it from the green fund and also the SOEs' budgets. This year we hope we can start with 40 megawatts [MW]," LEN Industri Operational 1 director Linus Sijabat said recently The green fund to which he referred as a financing option was launched by eight Indonesian banks in cooperation with the World Wide Fund for Nature (WWF) Indonesia...