[SMM PV News] Indonesia-Singapore Solar Export Snagged by 'Unbankable' 5-Year Permit Rule

Published: Mar 9, 2026 16:56

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Indonesia's planned solar energy exports from Batam to Singapore are stalled due to financing hurdles. Developers aim to deliver up to 3.4 GW by 2028 but struggle to secure bank loans because an Indonesian regulation requires export permits to be renewed every five years. This clashes with the 20-25 year certainty that financiers demand, rendering the massive projects 'unbankable'.

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