The Asian Development Bank (ADB) has sanctioned a USD470 million results-based loan for Indonesia’s state utility Perusahaan Listrik Negara (PLN) under the Accelerating Indonesia’s Clean Energy Transition Program.
The programme targets utility-scale solar and wind capacity addition, grid strengthening across Java–Madura–Bali, Sumatra, and Sulawesi, and institutional upgrades to manage PLN’s expanding renewable portfolio. ADB estimates the programme could avoid 2.5 million tonnes of CO₂ emissions annually and catalyse over USD1 billion in private investment to support around 1,800 MW of new capacity between 2026 and 2031. It also includes USD30 million from ADB-managed funds and a USD3 million grant from the Global Energy Alliance for People and Planet.