Indonesia solar power project being developed by Australian solar consortium
Australian solar consortium to develop 250 MW Indonesian project REM , 11 February 2013 SGI-Mitabu, a joint venture between The Solar Guys International and Mitabu Australia, is developing a 250 MW solar power project under an agreement with Indonesia’s Ministry of Energy. What’s more, it says it will finance the whole thing through reliance of a form of Islamic financing.
As reported by David Twomey of Econews Australia, the venture will launch a seven-year $100 million sukuk, or Islamic bond, later this year. That amount will be enough to finance the first, 50 MW stage of the project…….http://www.renewableenergymagazine.com/article/australian-solar-consortium-to-develop-250-mw-20130211
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