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

10 October 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 October 7-10, 2019 related to financing of solar photovoltaic (PV) power projects as the main topic. Participating in the training were 43 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 the 1 megawatt (MW) Karangasem solar PV power plant in Bali to have first-hand understanding of how a PV power plant works. ESRA training series is part of USAID ICED II support to OJK in implementing Indonesia’s Sustainable Finance Road Map 2019-2023 by improving the capacity of financial institutions. The most important feature of the training is helping banks assess and manage risks associated with environmental protection and technical aspects.