PT NSSE – A key step in Indonesia's energy transition

On January 15, PT Nusantara Sembcorp Solar Energy, a joint venture company held 51% by PT PLN Nusantara Renewables and 49% by Sembcorp Utilities, achieved financial close on the project financing of the IKN solar and battery energy storage system project, Indonesia's first utility-scale co-located solar and BESS project. By Stephen Krust, Societe Generale, Frederic Draps and Jean-Lous Neves Mandelli, Ashurst.