JAKARTA — Senior executives at Indonesia’s two sovereign wealth funds on Wednesday said they will expand investment in clean energy transition projects this year, citing plans ranging from electric vehicle supply chains to power grid upgrades.
Ridha Wirakusumah, CEO of the Indonesia Investment Authority, or INA, said renewable energy projects currently make up 12% of its $4 billion investment portfolio. INA is aiming to increase that proportion to between 15% and 20% by the end of 2025.
