HSBC Launches US$4 Billion Credit Facility Targeting Indonesia for Clean Energy Investment
JAKARTA. HSBC China has launched a $4 billion Sustainability and Transition Credit Facility to support global expansion of Chinese clean energy companies, with Indonesia as a key target for financing.
The credit facility is aimed at Chinese firms in renewable energy, electric transport, data centres, and artificial intelligence (AI) looking to expand into international markets, including Southeast Asia.
HSBC Indonesia President Director Stuart Rogers said Indonesia’s energy transition funding needs are substantial as the country pursues its 2030 climate targets.
He added that HSBC is strategically positioned to connect Indonesia’s investment needs with global clean energy firms, particularly Chinese companies with technology and funding capacity.
HSBC noted China accounts for around 47% of global clean technology exports and dominates solar panel and battery exports. Meanwhile, demand for electric vehicles and data centres is projected to rise in the coming years.
Indonesia is a promising market due to its significant clean energy investment needs. According to the Comprehensive Investment and Policy Plan (CIPP) under the Just Energy Transition Partnership (JETP), Indonesia’s energy transition funding requirement is estimated at $97 billion by 2030.
Additionally, the 2025 Electricity Supply Business Plan (RUPTL) targets adding 42,569 megawatts (MW) of renewable energy capacity by 2034.
HSBC views this momentum as bolstered by the development of the ASEAN Power Grid and the implementation of the ASEAN-China Free Trade Area (ACFTA) 3.0 Upgrade Protocol, which expands cooperation between ASEAN and China in green and digital economies.
HSBC’s Global Head of Sustainable Finance and Transition Natalie Blyth said the credit facility is designed to support Chinese low-carbon companies’ international expansion.
‘As companies expand globally, they need a financial partner with global reach and expertise to support them,’ Blyth said.
Through this facility, HSBC will provide additional credit limits, expedite financing approvals, and offer tailored funding solutions for each company’s needs.