Alternative Energy Wins Order for China-Backed Indonesian Solar
Alternative Energy Ltd., a Singaporean developer of energy-saving technologies, won an order to provide engineering, procurement and construction services to PT Mega Urip Pesona solar parks in Indonesia.
LDK Solar Co. (LDK) will supply panels to some plants under a deal last year, and a planned $600 million loan from China will provide funding, Alternative Energy said today in a statement. Separately, a 10 to 50 megawatt park will be built in Bali, and nine 10-megawatt plants elsewhere in Indonesia.
Alternative Energy will be paid by Mega Urip, an Indonesian project developer, at a rate of at least 5 cents a watt.
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