Indonesia secures US$60mil for solar project


The plant is slated to begin operations in 2026.

JAKARTA: Standard Chartered, Germany’s development finance institution DEG and France’s Proparco have announced a US$60mil investment to fund the construction and operation of a solar photovoltaic (PV) plant in Indonesia.

The 92 megawatt-peak Saguling floating solar PV plant, to be located in West Java, will be run by Saudi Arabia’s ACWA Power and state-owned electricity company PLN’s subsidiary PLN Indonesia Power.

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