State banks are offering loans for solar modules to increase acceptance

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Divya Karyza (The Jakarta Post)

BONUS

Jakarta ●
Sun, July 18, 2021

State banks launched several dedicated rooftop photovoltaic (PV) finance programs this year to help the government achieve its renewable energy goals.

Bank Mandiri, Bank Rakyat Indonesia (BRI) and Bank Negara Indonesia (BNI), which are among the five largest banks in the country, started their respective funding programs between January and June. The loans are designed to reduce the up-front costs for installing solar panels.

Fabby Tumiwa, chairman of the Indonesia Solar Energy Association (AESI) said The Jakarta Post on July 13 that the use of solar panels on the roof of residential buildings has increased from around 200 to 3,000 households in the past three years.

“More affordable finance programs will help fuel that growth,” said Fabby, who is also the executive director of the Institute for Essential Services Reform (IESR), an energy-thin …

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