Indonesia reveals solar auction details

Indonesia will establish an auction system to boost its solar power sector, an official from the Energy and Mineral Resources Ministry has announced.

Successful parties will be given a 20-year contract to sell the power to state utility firm Perusahaan Listrik Negara, the ministry’s director of new energy and renewables Alihuddin Sitompul told Bloomberg.

Developers will bid at a discount on the US$0.25kWh feed in tariff (FiT) level set by the government earlier this year, he said.

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Posted July 8, 2013 by repit in News

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