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Investors - SEPTEMBER 17, 2021

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Bloomberg Philanthropies and PT SMI to advance Indonesia’s clean energy transition

by Released

Bloomberg Philanthropies and PT Sarana Multi Infrastruktur (Persero), an Indonesian state-owned enterprise financing national projects under the Ministry of Finance, have committed to turbo-charge Indonesia’s clean-energy transition and promote blue finance and marine conservation.

Building on their partnership that began in 2019, Bloomberg Philanthropies will increase its support to PT SMI to accelerate Indonesia’s transition to a net-zero future. The expanded partnership will advance climate finance policies and sustainable development by strengthening technical capacity and resources to support a robust pipeline of regional projects. Bloomberg Philanthropies will also convene partners to help progress PT SMI’s sustainable finance goals.

“Bloomberg Philanthropies’ partnership with PT SMI has helped to advance solar energy projects and drive the clean energy transition across Indonesia — and our latest phase of work will expand on that progress,” said Mi

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