A joint venture between Japan’s renewable energy company Shizen Energy Inc. and Indonesia’s PT Alam Karya Prima has secured major financing to speed up the rollout of rooftop solar projects across Indonesia. The joint venture, operating as PT Shizen Alam Prima, has obtained 115 billion Indonesian rupiah, or about $7.6 million, from PT Bank DBS Indonesia. The funding will be used to develop rooftop solar systems mainly for commercial and industrial customers.
The financing is structured as a credit facility and will cover the capital costs of several rooftop solar projects that are already in the company’s pipeline. These projects will be installed on factories, warehouses, and other large commercial buildings, which typically consume high amounts of electricity. By using rooftop solar, these businesses can reduce their dependence on grid power and lower their long-term energy costs.
PT Shizen Alam Prima operates under a “solar-as-a-service” model. Under this approach, customers do not need to make large upfront investments to install solar panels. Instead, the company owns and maintains the solar systems, while customers pay only for the electricity generated through long-term contracts. This model makes it easier for companies to adopt clean energy without affecting their cash flow or capital budgets.
Shizen Energy brings international experience in renewable energy development to the partnership, while PT Alam Karya Prima provides local market knowledge and on-ground support in Indonesia. For Shizen Energy, the joint venture is part of its wider plan to expand its presence in Southeast Asia. The region has strong solar potential, and Indonesia is seen as a key market as it works to increase the share of renewable energy in its national power mix and reduce its reliance on fossil fuels.
Bank DBS Indonesia said the financing supports its commitment to sustainable and responsible banking. By funding rooftop solar projects, the bank aims to help build a low-carbon economy while also supporting Indonesian businesses. The bank noted that solar power can help industries manage rising electricity costs and reduce carbon emissions at the same time.
The rooftop solar systems are expected to provide reliable and clean power for industrial facilities, which are among the country’s largest electricity users. Generating power directly at the site of consumption also reduces pressure on the national grid, especially as electricity demand continues to grow.
This deal reflects the rising interest in decentralized energy solutions in emerging markets. Rooftop solar is increasingly seen as a practical way to meet energy needs quickly and efficiently. With this new funding, PT Shizen Alam Prima is well placed to expand its operations and support Indonesia’s clean energy and climate goals.
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