UPC Sidrap, OPIC join hands to develop $120m wind farm in Indonesia

Photo by UPC Group

PT UPC Sidrap Bayu Energi, a subsidiary of US renewable energy company UPC Group, has signed a $120 million  financing deal with Overseas Private Investment Corporation (OPIC), to finance the development of Indonesia’s largest wind farm in South Sulawesi.

The agreement was signed by president and CEO of OPIC Elizabeth L. Littlefield and UPC Sidrap president director Brian Caffyn on April 8.

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