ACEH WIND PARK
55 MW
Part Of The Hijaunesia Project
About Our Company
Mayes Jaya Utama is a Specialized Purpose Vehicle (SPV) fully owned and managed by InfraCo Asia – An infrastructure development and investment company of the Private Infrastructure Development Group (PIDG), InfraCo Asia has developed and invested in a strong renewables portfolio, which includes small and medium hydropower projects in South and Southeast Asia.
Funding Structure
About Indonesia's Energy Sector
Indonesia targets a share of Renewable Energy in the energy mix of 23% and 31% by 2025 and 2050, as stipulated in the Paris Agreement. Despite this, renewable energy targets, specifically, the development of wind power has lagged significantly. These developments are primarily hampered by:
- Unfavorable conditions for bankable PPAs
- Uncertain pricing schemes
- Lengthy licensing processes
- And grid infrastructure to accommodate new technologies
To tackle these problems, MJU and sponsors aim is to expand Indonesia’s Wind power portfolio with a focus in bankable and sustainable infrastructure projects.
Impact
Co2 reduction of 750,000t/year
.
More than 2,900,000 people with access to electricity
Over 5,000 short term jobs will be created during construction
Over 600 long term jobs will be created during the operation
For Indonesia In General
- Contributes to the goals of the Paris Agreement
- Contributes to the targets set out by the Indonesian government to reach a renewable energy mix of 23% by 2025
- Provides opportunities for the collaboration of local and international stakeholders
- Over 200 million USD from taxes throughout the lifetime of the project
- Wind projects
For Locals
- Creates a new opportunity for locals in the job market
- Increase in overall economic activity in the local area
- Over 5600 homes electrified by the project
Sustainable Development Goals
