ROOF-TOP SOLAR COMPANY LOOKING TO RAISE $3.5M WITH SEVERAL LARGE CONTRACTS SIGNED IN SURAYBAYA
Project type: Solar Power
Total Funding needed: US$ 3.5m for Phase 1
Project Summary: Our client is developing up to 100MW of “roof-top” solar power sold to retail malls, Hotels and factories. Feasibility studies have been completed on 2.5MW with client agreements in place.
Phase 1, 2020: (FS studies complete) 2.5MW of power to be provided on the roof of the largest mall in Surabaya (1.8MW) as well as a large regional Hotel group. The clients are ready to commence construction.
Full Pipeline: The full pipeline of projects under negotiation is in excess of 100MW, predominantly in Surabaya. The full pipeline spreadsheet with each client’s contract status is available upon request.
Project Details: Unlike conventional grid-based energy production, roof-top solar power is a contract that exists between the service provider (our client) and a retail customer. Large retail customers are able to apply for a license to operate their own power generation systems. The PLN typically allows this as any surplus power produced can go back into the grid. For details on the legal implications of operating roof-top solar, please contact IndoInvestors at firstname.lastname@example.org.