The Indonesian government has officially signed a final financing agreement with international partners of the "Just Energy Transition Partnership" for the Saguling Floating Solar Power Plant project. Key signatories include project developer PT Indo ACWA Tenaga Saguling, PLN Indonesia Power, German Investment and Development Corporation (DEG), France's Proparco, UK's Standard Chartered Bank, and Indonesia's Coordinating Minister for Economic Affairs. Through this signing, Indonesia secured $60 million (approximately IDR 1 trillion) in investment for the project. The investment funds will be provided by Germany's DEG, France's PROPARCO, and Standard Chartered Bank, covering the project's development, construction, and operational phases. This project is not only a solar power initiative but also symbolizes multi-party collaboration to drive energy transition and promote sustainable economic development. Located in West Java with a capacity of 92 MW, it is expected to reduce carbon emissions by at least 63,100 tons annually and increase Indonesia's solar power generation by approximately 13%. He expressed gratitude to international investors and financial institutions for their support. The French Ambassador to Indonesia also attended the signing ceremony and stated that France has consistently supported Indonesia's energy transition, and France's financing reflects its commitment to innovative renewable energy development in Indonesia.
The Indonesian government has officially signed a final financing agreement with international partners of the "Just Energy Transition Partnership" for the Saguling Floating Solar Power Plant project. Key signatories include project developer PT Indo ACWA Tenaga Saguling, PLN Indonesia Power, German Investment and Development Corporation (DEG), France's Proparco, UK's Standard Chartered Bank, and Indonesia's Coordinating Minister for Economic Affairs. Through this signing, Indonesia secured $60 million (approximately IDR 1 trillion) in investment for the project. The investment funds will be provided by Germany's DEG, France's PROPARCO, and Standard Chartered Bank, covering the project's development, construction, and operational phases. This project is not only a solar power initiative but also symbolizes multi-party collaboration to drive energy transition and promote sustainable economic development. Located in West Java with a capacity of 92 MW, it is expected to reduce carbon emissions by at least 63,100 tons annually and increase Indonesia's solar power generation by approximately 13%. He expressed gratitude to international investors and financial institutions for their support. The French Ambassador to Indonesia also attended the signing ceremony and stated that France has consistently supported Indonesia's energy transition, and France's financing reflects its commitment to innovative renewable energy development in Indonesia.