New Energy Nexus launches first fund for Indonesian renewable energy start-ups
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California-based nonprofit organization New Energy Nexus announced on Friday its Indonesia 1 Funds, an initiative to invest in early stage renewable energy companies.
New Energy Nexus investment director for Indonesia Yeni Tjiunardi said that the organization aimed to assist 10 to 15 companies – from the seed to the series A stages – in bridging the investment gap and overcoming barriers, in addition to helping Indonesian renewable energy entrepreneurs and companies to enter the market.
“We empower scalable and competent renewable energy companies in progressing Indonesia’s effort to transition to a low-carbon economy by the combined
programmatic and investment approach,” she said in a written statement..Read More..
Source : thejakartapost
