June 25, 2009 

U.S. HELPS INVESTORS TARGET CLEAN ENERGY OPPORTUNITIES IN INDONESIA

Bahasa Indonesia

Jakarta – Opportunities to finance clean energy projects drew more than 100 industry experts and investors to today’s Indonesia Clean Energy Investor Forum.  The forum showcased projects from a competition sponsored by the U.S. Agency for International Development (USAID) and the Private Finance Advisory Network (PFAN).  PFAN is a multi-lateral public-private partnership that was established by the International Energy Agency’s Climate Technology Initiative and is managed by USAID in Asia. 

The PFAN Indonesia Clean Energy Investor Forum serves as a platform for Indonesian energy entrepreneurs to showcase their ideas to investors.  Nine finalists were chosen by PFAN in the run-up to the Indonesian Business Plan competition.  Each of the companies received mentoring and one-on-one coaching before formally making their investment pitch at the forum. 

The total value of investments for the nine finalist projects is more than US$370 million, comprising both debt and equity financing.  In addition to offering promising investments, these projects have the potential to reduce greenhouse gas emissions by more than 1 million metric tons of carbon dioxide per year, according to USAID.  Based on today’s presentations, a panel of judges will select two Clean Energy Financing Award winners for Indonesia. 

“By bringing together clean energy entrepreneurs and investors, the PFAN Indonesia Clean Energy Investor Forum is helping to address the barriers that clean energy businesses face in seeking financing,” said Walter North, USAID Indonesia Mission Director.  “There are many creative, viable clean energy solutions in Indonesia.  The objective of the Forum is to make it easier for investors to identify and fund the best projects.”  USAID believes this is a necessary first step to scale up investments to create a mature clean energy market in Indonesia.

For more information about the U.S. Embassy’s activities please visit http://jakarta.usembassy.gov/.

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