{
    "success": true,
    "data": {
        "id": 1761326,
        "msgid": "pt-smi-and-grei-sign-rp1-25-billion-financing-for-solar-power-plant-development-1780360345",
        "date": "2026-05-24 14:56:48",
        "title": "PT SMI and GREI Sign Rp1.25 Billion Financing for Solar Power Plant Development",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Energy",
        "summary": "PT SMI has secured a Rp1.25 billion financing agreement with PT GREI to refinance operational solar power plant projects, backed by EU, Norfund, and other international investors. The deal aims to expand solar energy adoption in Indonesia's commercial and industrial sectors, supporting national climate goals and sustainable economic growth.",
        "content": "<p>PT Sarana Multi Infrastruktur (PT SMI) has signed an investment\nfinancing agreement with PT Greenroof Energy Indonesia (GREI)\/CN\nGreenroof Asia (CNGRA) for a maximum investment credit facility limit of\nRp1.25 billion. The financing will refinance the existing solar power\nplant project operated by GREI. The shareholders or group of PT GREI, CN\nGreen Roof Asia Pte. Ltd., is a joint venture between Climate Fund\nManagers, Climate Investor One (CI1), and Norfund for investing in,\nconstructing, and operating solar and energy storage solutions in\nVietnam, Indonesia, and the Philippines. CI1 is a $1 billion blended\nfinance facility focused on renewable energy infrastructure in\ndeveloping countries. \u201cThis facility is supported by public and private\ninvestors, including the European Commission through Global Gateway as\npart of the EU\u2019s commitment to supporting sustainable energy\ndevelopment, climate action, and high-quality green infrastructure\ninvestment,\u201d said PT SMI\u2019s Director of Financing and Investment, Sylvi\nJ. Gani, in a statement on Sunday in Jakarta. Climate Fund Managers\n(CFM) is a joint venture between FMO, a Dutch development finance\ninstitution (DFI), and Sanlam Infraworks, part of South Africa\u2019s Sanlam\nGroup. Meanwhile, Norfund is the Norwegian government\u2019s investment fund\nfor developing countries, with a mission to create jobs and improve\nliving standards through investments in businesses that promote\nsustainable development. In 2024, Norfund recorded investment\ncommitments of over $4 billion across Southeast Asia, Sub-Saharan\nAfrica, and Central America. Around 40% of its total investment\nportfolio is allocated to the clean energy sector. Sylvi stated that PT\nSMI remains committed to supporting renewable energy development through\nsustainable and impactful financing. \u201cThe collaboration with PT GREI is\nexpected to expand the use of solar energy in the commercial and\nindustrial sectors while strengthening Indonesia\u2019s efforts to achieve\nits energy transition targets and carbon emission reductions,\u201d Sylvi\nsaid. PT GREI Director Eduardus Pandik said the partnership marks a\nsignificant milestone for the company in strengthening solar power\nproject development in Indonesia. \u201cPT SMI\u2019s financing support is a\nstrategic step for PT GREI to continue expanding solar power plant\ndevelopment in Indonesia. We believe solar energy not only provides\nenvironmental benefits but also creates energy efficiency and opens up\nbroader opportunities for green economic growth,\u201d Eduardus said. As a\nprovider of solar energy and energy storage solutions, PT GREI focuses\non delivering clean energy access through long-term financing schemes\nthat require no upfront investment from customers. Under this business\nmodel, PT GREI covers all investment, installation, operational, and\nmaintenance costs for solar power plants, enabling customers to benefit\nfrom reduced electricity costs while supporting cleaner energy use. From\nan industry perspective, support for solar power plant development\naligns with government policies to increase the share of renewable\nenergy in the national energy mix. Regionally, CN Green Roof Asia aims\nto expand its solar energy platform from 110 megawatts (MW) to 500 MW\nover the next five years across Southeast Asia, including Indonesia,\nVietnam, and the Philippines. This collaboration also strengthens PT\nSMI\u2019s role as the Energy Transition Mechanism (ETM) Country Platform\nManager through financing support for green projects and energy\ntransition in Indonesia. Additionally, the move supports the\ngovernment\u2019s Astacita initiative, particularly in promoting energy\nindependence and sustainable economic development. PT SMI stated it will\ncontinue to promote innovative financing that supports low-carbon\ndevelopment and accelerates Indonesia\u2019s net zero emissions target in the\nfuture.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/pt-smi-and-grei-sign-rp1-25-billion-financing-for-solar-power-plant-development-1780360345",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}