Global law firm DLA Piper has advised renewable energy company Sumber Energi Surya Morowali (SESMO) and its sponsors on a project set to be among the largest solar photovoltaic (PV) and battery energy storage facilities in Indonesia.
The project, with an estimated cost of USD210 million, will be located in the Indonesia Morowali Industrial Park (IMIP) in Central Sulawesi. The 262MWp captive ground-mounted PV project will be developed through a joint venture between SESMO, Sumber Energi Surya Nusantara (SESNA), an Indonesian renewable energy developer, and Sembcorp Energy Indonesia, a subsidiary of Singapore-headquartered Sembcorp Industries.
Financing is being provided through a USD152 million long-tenor, non-recourse loan from Bank Negara Indonesia and Sarana Multi Infrastruktur (Persero).
Vincent Seah, DLA Piper’s country managing partner in Singapore, led the team with the support of counsel Wei Hong Wong, senior associate Darren Foo and associate Ruyang Jiang.
The 262MWp solar PV project will include an 80MWh battery energy storage system and is expected to supply clean, reliable electricity for industrial operations in the IMIP.
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