Banks Learn to Manage Risks in Renewable Energy Business Through Support from USAID and Indonesia’s Financial Services Authority  

10 August 2019

USAID Indonesia Clean Energy Development II (USAID ICED II) and Indonesia’s Financial Services Authority (OJK) conducted Environmental and Social Risk Analysis (ESRA) Training on August 5-8, 2019 with financing of mini-hydropower projects as the main topic. Participating in the training were 40 people from OJK, Ministry of Energy and Mineral Resources, Ministry of Environment and Forestry, and universities. At the end of the training, the participants visited 20 Megawatt Jelok hydropower plant to have first-hand understanding of how a power plant works. ESRA training series is part of USAID ICED II support to OJK in implementing Indonesia’s Sustainable Finance Finance Road Map 2019-2023 by improving the capacity of financial institutions. The most important feature of the training is helping banks manage risks associated with environmental protection, especially in renewable energy business. A forthcoming training will take place in October 2019 with a focus on solar photovoltaic (PV) technology.