The Government of Indonesia has secured EUR1.2 billion in green financing from Germany’s Kreditanstalt für Wiederaufbau (KfW) to support the development of sustainable energy infrastructure. The funds, formalised through a memorandum of understanding (MoU) between Indonesia’s state utility PT PLN and KfW, will be used for renewable energy (RE) projects, including hydroelectric power plants and transmission systems for green energy integration. This initiative aims to bolster Indonesia’s energy self-sufficiency and economic growth through enhanced adoption of RE sources.
The Government of Indonesia plans to expand its RE capacity by 75 per cent of a total 100 GW expansion over the next 15 years.