The Overseas Private Investment Corporation has approved $120 million in financing for a 72 MW wind farm in Indonesia, a project aimed at meeting the country’s growing electricity demand. The 20-year loan to Energi Bayu Jeneponto will support construction of the $160 million wind farm in South Sulawesi province. The project has a 30-year power purchase agreement with Perusahaan Listrik Negara, the government-owned electricity distributor. The project’s sponsor, Singapore-based Equis Energy has been active in Indonesia’s renewables sector, targeting equity investments of over $500 million through early 2019.
