Story perspectives

Financing Woes Threaten $6B Batam-Singapore Solar Project

3/9/2026

Summary

Story summary

Indonesia's planned Batam-to-Singapore solar export faces financing challenges due to 20–25-year bankable project requirements under strict licensing rules.
The five-year permit renewal under Clause 37 creates uncertainty for long-term financing.
Although MOUs were signed in 2023, construction has not progressed, risking the 2028 delivery deadline.
Experts urge President Prabowo Subianto to support the project to counter political risks and unlock up to $6 billion in annual foreign exchange.

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Story summary

Indonesia's planned Batam-to-Singapore solar export faces financing challenges due to 20–25-year bankable project requirements under strict licensing rules.
The five-year permit renewal under Clause 37 creates uncertainty for long-term financing.
Although MOUs were signed in 2023, construction has not progressed, risking the 2028 delivery deadline.
Experts urge President Prabowo Subianto to support the project to counter political risks and unlock up to $6 billion in annual foreign exchange.