DESCRIPTION
The ExploRE project is implemented based on the fundamentals of the renewable energy deployment strategy of the Promotion of Least-cost Renewables in Indonesia (LCOREINDO) Project, which is the predecessor project of ExploRE. Hence, by utilizing the lessons learnt from LCORE-INDO and implementing ExploRE's novel measures i.e., innovative pilot projects, capacity building, stakeholder engagement, action plan, and operational tools for policy making, the project starts at four different output levels, namely (1) RE Deployment Strategy, (2) Political Instruments and Financial Environment, (3) Institution Building, and (4) Innovation.
The ExploRE project aims to provide strategy options to be piloted for increasing the use of renewable energy in the sector of energy, climate, development, and fiscal. The strategy options are targeted to help create a more coherent environment among key players to better contribute to Indonesia's climate goals.
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KEY DELIVERABLES
• Coherent strategies to increase renewable energy has been incorporated into planning documents of the Government of Indonesia (e.g., RENSTRA ESDM, RPJMN).
• Document/concepts on new RE initiatives/ideas are formulated for integrating RE in industries to reduce GHG emission, together with government, private sector, and/or financial institutions.
• Guidelines/concepts for RE financing and investment have been further developed and documented by the end of the project.
• Number of stakeholders from government officers, private sectors, and financial institutions obtained capacity building measures on technical, financing, economic, or legal aspects of RE.
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| Modality | Financing Type | Financing Source | Financing Intermediary | Amount (Home Currency) | Amount (USD) | Part of JETP Pledge |
|---|---|---|---|---|---|---|
| Modality A | Grant / TA | IPG - Germany | IKI/GIZ | USD 1,500,000 | USD 1,600,000 | Yes |