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Solar Philippines’ joint venture partner secures loan for Indonesia's largest solar farm

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(Photo: Solar Philippines)

Energy firm Solar Philippines announced that its Jakarta-based partner has secured a loan to finance the largest ground-mounted solar project in Indonesia.

The company said that its joint venture partner, Medco Energi, Medcosolar Bali Timur, signed a loan agreement with state-run Bank Negara Indonesia (BNI) for the development of a 25 MW solar farm in Kubu, Karangasem Regency, East Bali.

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