Indonesia: USD 2.6m Loan Powers Shizen JV's Rooftop Solar
- Alam Energy, a joint venture between Shizen Energy and other companies, has secured a loan of IDR-41 billion to develop and operate rooftop solar power installations for commercial and industrial customers in Indonesia. Help reduce greenhouse gas emissions and work towards a carbon neutral future with Alam Energy.
Shizen Energy's joint venture in Indonesia, Alam Energy, has secured an IDR-41-billion loan to develop and operate rooftop solar power installations for commercial and industrial customers. This loan has been granted by the Indonesian Ministry of Finance's financial institution, PT Sarana Multi Infrastruktur. The project is aimed at reducing greenhouse gas emissions from businesses and contributing to the government's goal of becoming carbon neutral by 2060. Alam Energy is a joint venture between Shizen Energy, Alamport Inc, NiX JAPAN Co Ltd, and ATW Group.
What Benefits Will Alam Energy's IDR-41-B Loan Bring?
- Creation of more than 400 jobs in Indonesia during the project's construction and operational phases
- Total investment of IDR-41 billion, which is expected to result in annual savings of over IDR-3 billion
- Introduction of renewable energy technology to Indonesia, helping to reduce the country's reliance on fossil fuels
- Increased energy security for businesses, as solar power is generated onsite and therefore not subject to the fluctuations in prices of imported fossil fuels
- Significant reduction in greenhouse gas emissions from businesses as they switch to solar energy, contributing to the government's goal of becoming carbon neutral by 2060.
- Reduced electricity costs for commercial and industrial customers, resulting in an increase in competitiveness in the global market