Indonesia eases local content requirement for solar power plants to 20%, official says

JAKARTA: Indonesia eased the minimum local content requirement for solar power plants to 20% from around 40% previously, Jisman Hutajulu, the energy ministry’s director general for electricity, said on Monday.

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The relaxation is part of a new rule to exempt projects that receive at least 50% funding from foreign multilateral or bilateral lenders from the local content requirements.