Solar power has been identified as a key renewable energy source by the Indonesian government. (Photo: iStock)
Indonesia’s sovereign wealth fund Danantara is planning to invest USD 30 billion to export solar power to Singapore, but progress may hinge on overcoming persistent financing challenges.
Despite multiple memoranda of understanding signed between Indonesia and Singapore in recent years, none of the proposed solar projects have moved into the construction phase. Industry experts say limited access to financing remains a key bottleneck.
Unlock the full article to explore three key takeaways:
- Danantara plans to invest USD 30 billion to export solar power to Singapore — one of the largest in SEA.
- Despite Indonesia–Singapore solar MOUs signed in 2023, no project has broken ground.
- U.S. anti-subsidy tariffs have disrupted Indonesia's solar export capacity, forcing cutbacks.
