A joint venture led by Japan’s renewable energy company Shizen Energy Inc. has secured major financing to accelerate the deployment of rooftop solar projects across Indonesia. The joint venture, PT Alam Energy Renewables (Alam Energy), has signed a financing agreement worth IDR 128 billion with PT Bank UOB Indonesia to support the rollout of rooftop solar systems, primarily for commercial and industrial (C&I) customers.
The financing facility is structured as a debt-based financing agreement and is specifically intended to fund capital expenditure (CAPEX) for multiple rooftop solar projects currently in Alam Energy’s development pipeline. These projects will be installed on factories, warehouses, and large commercial facilities—sites with high electricity consumption—enabling businesses to reduce reliance on grid power and lower long-term energy costs.
PT Alam Energy Renewables is a multi-shareholder joint venture formed by Shizen Energy Inc., Alamport Inc., NiX Group, Enbio Holdings Inc., and Kanematsu Corporation. The partnership combines international renewable energy expertise with strong regional and local market capabilities, positioning the company to scale distributed solar solutions across Indonesia.
The joint venture operates under a solar-as-a-service business model, allowing customers to adopt rooftop solar without upfront capital investment. Under long-term power purchase agreements, Alam Energy owns, operates, and maintains the solar systems, while customers pay only for the electricity generated. This approach enables companies to transition to clean energy without impacting cash flow or capital budgets.
For Shizen Energy and its partners, the expansion of Alam Energy aligns with their broader strategy to strengthen their footprint in Southeast Asia. Indonesia, with its growing electricity demand and strong solar potential, is viewed as a key market as the country works toward increasing renewable energy adoption and reducing dependence on fossil fuels.
PT Bank UOB Indonesia stated that the financing reflects its commitment to supporting sustainable finance and low-carbon development. By enabling rooftop solar deployment in the industrial and commercial sectors, the bank aims to help Indonesian businesses manage rising energy costs while reducing carbon emissions.
The rooftop solar installations are expected to deliver reliable, clean power directly at the point of consumption, easing pressure on the national grid as demand continues to rise. The transaction also highlights the growing momentum for decentralized energy solutions in emerging markets, where rooftop solar is increasingly seen as a fast, efficient, and scalable pathway to achieving clean energy and climate goals.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
