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Featured Photo: OPIC-supported wind farm advances energy security in Indo-Pacific

photo of four wind farm fans stand on top of a green hill, Sidrap Bayu Energi, Indonesia, OPIC, Overseas Private Investment Corporation, Project Finance International, renewable energy, OPIC financing, development finance, investing overseas, infrastructure, doing business in Asia, impact investing, world development, political risk insurance, developing countries

 

In Sulawesi, Indonesia, this newly-inaugurated OPIC-supported wind farm is adding 75 MW of power in a country working to meet growing electricity demand. The PT UPC Sidrap Bayu Energi wind farm, built with the support of $120 million in OPIC financing is diversifying country’s generation mix with a clean source of power and is advancing Indonesia’s goal of increasing renewable energy from six percent of the generation mix in 2014 to 23 percent by 2025

In 2017, OPIC was recognized for supporting the construction of the wind farm, which received a "Smart Project" citation for Best Practices from Project Finance International. This recognition is given to successfully structured and executed infrastructure projects in the Asia-Pacific region.

OPIC is committed to supporting investment in energy, infrastructure and other sectors throughout the Indo-Pacific region. Earlier this month, OPIC Executive Vice President David Bohigian and other OPIC officials visited Indonesia to promote U.S. investment in the region, strengthen partnerships, and find opportunities to work with regional allies on projects that drive economic growth and stability.

 

Read more:

Indonesia’s President Inaugurates OPIC Supported 75MW Wind Farm

OPIC and PT UPC Sidrap Bayu Energi Partner to Expand Indonesia’s Capacity to Generate Clean Energy

OPIC Supported Wind Farm receives “Smart Project” Recognition

 

 

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