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Indonesia

Indonesia

Financial close for Indonesia's first utility-scale wind project

INDONESIA: A consortium headed by UPC Renewables has reached financial close for the 75MW Sidrap wind farm in South Sulawesi.

Gamesa's G114 2.5MW turbines will power the 75MW Sidrap project in South Sulawesi
Gamesa's G114 2.5MW turbines will power the 75MW Sidrap project in South Sulawesi

Construction has already started on the $150 million development, which will be Indonesia’s first utility-scale wind project when it starts delivering power from its 30 Gamesa G114 2.5MW turbines early next year.

The owner-operator, PT UPC Sidrap Bayu Energi, is a joint venture formed by UPC Renewables, PT Binatek Energi Terbarukan and AC Energy Holdings.

The project has a 30-year power purchase agreement with PLN, the state-owned utility, and is part of a 300MW memorandum of understanding that UPC Renewables has signed with the South Sulawesi administration.

Indonesia has set a target of adding 35GW of energy capacity by 2020, of which renewables should provide 23%, around 8GW.

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