Project detail - UPC Renewables Asia I Limited

UPC Renewables Asia I Limited

Status: Completed investment
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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

UPC Renewables Asia I Ltd is part of the UPC Group, which since 1995 has developed, financed and installed over 1,000 utility-scale wind turbine generators all over the world. Total global development rights on sites held by UPC would provide, once built, over 16,000 MW of wind energy.

What is our funding objective?

FMO will provide a subordinated loan in combination with equity in order to enable UPC to develop a series of wind energy projects in Indonesia. Currently there are 400-500MW worth of projects in the deal pipeline.

Why do we fund this investment?

This project has high development impact as it will provide renewable energy capacity to a country partly dependent on fossil fuels and a rising energy demand. Through this investment FMO contributes to the diversification of Indonesia's energy mix and aims to pave the way for future financiers in this sector.

Website customer/investment
Effective date
End date
Total FMO financing
USD 0.00 MLN
Building Prospects
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)