Indonesia Compact - Green Prosperity: On Grid Renewable Energy Grant Portfolio
Summary:
MCC’s $474 million Indonesia Compact (2013-2018) included a $288 million Green Prosperity (GP) Project that aimed to increase economic productivity and reduce land-based greenhouse gas emissions. The project funded 20 on-grid renewable energy (RE) grants totaling $10.6 million. These grants intended to reduce fossil fuel reliance by increasing the amount of RE supplied to the grid. 20 grants were approved; nine provided technical assistance (TA) only for feasibility work and 11 funded TA and infrastructure works. These 11 grants leveraged additional financing from the private sector. Only four of the 11 grants were completed, adding three megawatts of generation capacity with over $8 million in co-financing.