DEG sanctions $23.75m loan to Indonesian floating solar plant

DEG sanctions $23.75m loan to Indonesian floating solar plant

Photo by Hanson Lu on Unsplash

German development finance institution DEG is providing a senior loan of $23.75 million to PT Indo ACWA Tenaga Saguling—a special purpose vehicle (SPV) established to develop, construct, and operate a 60 MW floating solar PV plant on the Saguling Dam in Java, Indonesia.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter