Indonesia: Green Climate Fund Approves USD 100 Million to Finance Public and Private Sector Geothermal Development

GCF supports Indonesia's energy transition with de-risking geothermal development (Green Climate Fund)

At its twenty first meeting in Bahrain, the Green Climate Fund (GCF) Board approved the first tranche of USD 100 million out of the USD 185 million requested from GCF to finance public and private sector geothermal development in Indonesia.

The first tranche of the GCF multi-year support facility will mobilise USD 410 million with contributions from the World Bank, the Government of Indonesia and private sector developers to achieve 600 MW to 900 MW of additional geothermal capacity.

The full project facility will mobilise USD 760 million to support exploration and resource confirmation for 1GW to 1.5 GW geothermal energy. This translates to 187-281 million tCO2eq mitigated over the lifetime of the generating assets.

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