INDONESIA: A consortium headed by UPC Renewables has reached financial close for the 75MW Sidrap wind farm in South Sulawesi.
Construction has already started on the $150 million development, which will be Indonesia’s first utility-scale wind project when it starts delivering power from its 30 Gamesa G114 2.5MW turbines early next year.
The owner-operator, PT UPC Sidrap Bayu Energi, is a joint venture formed by UPC Renewables, PT Binatek Energi Terbarukan and AC Energy Holdings.
The project has a 30-year power purchase agreement with PLN, the state-owned utility, and is part of a 300MW memorandum of understanding that UPC Renewables has signed with the South Sulawesi administration.
Indonesia has set a target of adding 35GW of energy capacity by 2020, of which renewables should provide 23%, around 8GW.