Renewable Energy Program (REP)

Project Dates: January 2017 - December 2020

PROJECT OBJECTIVE

The REP will support a pipeline of sub-projects across various RE segments of the market with primary focus on solar and mini-hydro with an aggregate capacity of up to 200 MW. Implementation of these sub-projects will help attract private sector investments to climate-smart projects in Indonesia by demonstrating commercial viability of nascent and heretofore challenging segments, while facilitating market access to commercial financing.

PROJECT DESCRIPTION

The rational for shifting resources away from the IGEF and into the RE program is built around two points: (1) relatively modest expected need for the CTF resources in the geothermal segment within the next 12-18 months; (2) significant need for concessional funds in newly-emerging high priority RE segments that are actively promoted by the Government of Indonesia (GoI) and are expected to move quickly.