SUN Energy Secures IDR 620 Billion Financing from PT SMI for Solar Projects

SUN Energy, a leading solar energy developer in Indonesia, has secured a significant financing facility of IDR 620 billion from PT Sarana Multi Infrastruktur (PT SMI), a state-owned infrastructure financing company. This long-term loan, with a tenure of 15 years, is earmarked for the development of commercial and industrial (C&I) solar energy projects across Indonesia.

Strategic Partnership for Sustainable Energy

The collaboration between SUN Energy and PT SMI underscores a shared commitment to advancing Indonesia's energy transition and promoting the adoption of renewable energy sources. Emmanuel Jefferson Kuesar, CEO of SUN Energy, expressed enthusiasm about the partnership, stating, "The support from PT SMI provides the flexibility we need to continue innovating and expanding our solar energy project portfolio."

He further emphasized the company's dedication to setting new standards in sustainable solar technology implementation.

PT SMI's Role in Energy Transition

Sylvi J. Gani, Director of Financing and Investment at PT SMI, highlighted the strategic importance of this collaboration in supporting Indonesia's energy transformation. She remarked, "We view this partnership as a strategic step to support energy transformation in Indonesia. PT SMI is committed to actively contributing to climate change mitigation by promoting the use of environmentally friendly clean energy."

This financing arrangement aligns with the Indonesian government's objectives to reduce carbon emissions and increase the share of renewable energy in the national energy mix. By providing funding for both the construction and operational phases of solar projects, SUN Energy ensures the sustainability and scalability of solar energy initiatives throughout the country.

SUN Energy's Commitment to Renewable Energy

SUN Energy has been at the forefront of solar energy development in Indonesia, offering comprehensive services that include system design, financing, permitting, and the provision of solar technology components. The company's strategic initiatives aim to accelerate the adoption of solar energy solutions, thereby contributing to Indonesia's sustainable development goals.

This partnership with PT SMI is expected to catalyze the growth of solar energy infrastructure, providing clean and renewable energy to various sectors and communities across Indonesia.