A new risk mitigation facility aims to encourage investment in large-scale geothermal energy in Indonesia.
With support from the World Bank and other partners, the government of Indonesia is planning a new Geothermal Risk Mitigation Facility. This would leverage several billion dollars in private sector funding, unlocking investments through risk mitigation for exploration and early production drilling. This would allow investors to prove sufficient resources to attract commercial finance for large-scale development.
Over the next seven years it is expected that the facility will lead to the development of more than 1 GW of new geothermal capacity.