DREAM - DEVELOP - DELIVER
A Clean Energy Group with a Global Track Record
UPC Renewables entered the Indonesian market in 2012 through its local subsidiary UPC Renewables Indonesia (“UPC RI”) and related entities. UPC RI has been a pioneer in Indonesia working with PLN and other Governemnt Entities to develop a robust Wind focused business in Indonesia.
UPC, with local partner PT Binatek Energi Terbarukan, is now developing wind, solar and other renewable energy projects totaling more than 500 MW at 20 plus locations throughout Indonesia.
UPC RI and Binatek have a very experienced management team with over 100 employees in Indonesia that cover the variety of skill sets necessary to identify, develop, design, finance, build and operate Renewable Energy projects.
In February 2017, UPC RI reached financial close on its first project, the Sidrap I Wind Farm , which will be the first utility scale wind energy project in Indonesia. Sidrap I is a 75 MW project located in Sidrap, South Sulawesi, that is targeted to start generating power by early 2018. Sidrap I represents the first phase of a larger project of wind and solar energy with battery support planned for Sidrap.
The Sidrap I project is owned in partnership with Ayala Corporation subsidiary AC Energy Holding with financing provided by the U.S. Overseas Private Investment Corporation (“OPIC”) and the Sumitomo Mitsui Banking Corporation.