The facility is designed to expand, allowing the efficient scale up of Tinfund’s portfolio of run-of-river projects.
Pentagreen Capital — a sustainable infrastructure debt financing platform established by HSBC and Temasek — and Tinfund — a joint venture between Norwegian renewable energy firm Tinfos and development fund Norfund — have signed a financing facility of up to US$45 million ($58.83 million) to support the implementation of “small, run-of-river power plants” in Indonesia.
The multi-tranche construction loan will finance a series of projects developed by Tinfund in Indonesia with an initial funding of US$18 million for the Nagajaya power plant in Banten province on Java Island.
