State Banks Offer Solar Panel Loans To Boost Adoption – Business


Divya Karyza (The Jakarta Post)


Jakarta ●
Sun, July 18, 2021

Public banks this year launched several special financing programs for rooftop photovoltaic (PV) panels to help the government meet its renewable energy targets.

Bank Mandiri, Bank Rakyat Indonesia (BRI) and Bank Negara Indonesia (BNI), which are among the five largest banks in the country, launched their respective financing programs between January and June. The loans are intended to reduce the initial costs of installing solar panels.

Indonesian Solar Energy Association (AESI) President Fabby Tumiwa said Jakarta Post on July 13, the use of residential rooftop solar panels increased from around 200 to 3,000 households in the past three years.

“More affordable financial programs will help drive this growth,” said Fabby, who is also the executive director of the Institute for Essential Services Reform (IESR), a …

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