Case
P4G
Energy efficiency in industry
Green financing
P4G – Partnering for Green Growth and the Global Goals 2030 – is a global initiative, with the ambition of becoming the world’s leading forum for developing concrete public-private partnerships at scale to deliver on the SDGs and the Paris Climate Agreement.
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One Stop Service for Energy Efficiency will merge energy-saving technology, energy services providers, and finance providers into a single model to create a more efficient industrial cooling system in Indonesia.
The lack of a standardized financing model is the biggest hurdle for most energy efficiency projects in Indonesia.
This partnership addresses this challenge by bringing together energy-saving technology (such as variable speed controls or inverter compressors, which automatically adjust the cooling supplied according to the demand), the bank partner, and energy services provider/system integrator to install and maintain equipment. Then, the client, bank and partnership can access an online platform to observe the energy savings results.
During the P4G grant period, One Stop Service for Energy Efficiency will have four ready-to-execute cooling efficiency pipelines. The partnership will also produce a knowledge product studying the model’s efficacy and best practices for replication with the aim to convince other energy service companies and financial providers to adopt this model.
P4G has provided the partnership with US $169,834 in catalytic grant funding.
With Indonesia’s national energy policy to reduce energy consumption by 17%, this partnership can help reduce emissions while meeting the increasing usage of cooling systems in Indonesia, set to increase by 15% per year in the industrial, commercial, and private sectors and contribute to 15.4% of energy-related greenhouse gas emissions.
Danfoss and Climate Policy Initiative
