SUN Energy has partnered with PT Bank SMBC Indonesia to secure a USD10 million Multi Option Trade Facility in Indonesia.
This collaboration aims to support the procurement of raw materials and the expansion of solar energy projects in the commercial and industrial sectors. SMBC Indonesia, which has already disbursed nearly USD1.1 billion in sustainable loans by September 2024, will provide key financial support, including letters of credit, bank guarantees, and working capital loans to facilitate SUN Energy’s project continuity. This partnership highlights the role of private-sector collaboration in advancing Indonesia’s energy transition. It will enable SUN Energy to enhance its competitiveness in strategic tenders and ensure the success of ongoing renewable energy projects. Both parties are committed to driving a cleaner and more sustainable energy future, reinforcing the importance of green financing in the country’s energy transformation efforts.
