Foreign participation and green financing needed for transition to renewable energy


The recent Power Development Plan 8 (PDP8) estimates an annual financial need of around US$11 billion for power projects between 2021 and 2030, much of which are allocated for renewables. Meanwhile, most renewable energy projects in the country (58%) have been developed by domestic companies, which are not believed to have inadequate financial capacity to meet future investment needs. Thus, the net-zero targets may become unattainable unless the country unlocks international funding and strengthens green finance.

Source: “International funding and green finance the key to renewable transition” at