Singapore, 12 February 2026 – Canada’s bilateral development finance institution, FinDev Canada announces the signing of a USD 30 million loan to PT Indonesia Infrastructure Finance (IIF) during the Canada-in-Asia Conference organised by Asia Pacific Foundation of Canada. The loan will strengthen low-carbon economic growth in Indonesia through the financing of sustainable infrastructure projects. This represents FinDev Canada’s first investment in Indonesia.
The loan will improve access to financing for renewable energy projects that contribute to climate mitigation efforts, while strengthening Indonesia's infrastructure capacity and resilience.
Indonesia is one of the top coal exporters, and remains heavily dependent on fossil fuels, making its clean energy transition critical and complex. With energy demand rising, Indonesia has established a target for renewables to reach 31% of the national energy mix by 2050, a shift that will support economic long-term resilience and climate goals. IIF is contributing to this transition by supporting clean energy infrastructure projects through tailored services, including project preparation, feasibility studies, and tender documentation.
Indonesia also faces increasing climate risks, including floods, droughts, and sea-level rise. In response, the country has committed to diversifying the energy mix and achieving net-zero emissions by 2060, reflecting the need for climate-resilient, and low-carbon infrastructure investment. IIF currently manages six renewable energy projects and has a total combined installed capacity of 700MW. As national energy demand continues to rise, IIF will help Indonesia expand low-carbon generation and advance its renewable energy, and climate commitments.
IIF plays a significant role in the development of Indonesia’s infrastructure sector through its funding and advisory services. Leveraging its strong expertise and country knowledge, FinDev Canada’s commitment builds upon the memorandum of understanding signed in 2025. It helps advance the bilateral agenda between Canada and Indonesia by supporting key infrastructure projects that enhance trade, create economic opportunities, and promote sustainable development.
The Canada-in-Asia Conference brought together over 700 senior policymakers, business leaders, investors, and experts from Canada and across the Asia Pacific.
“Indonesia, Canada’s largest export market for goods within ASEAN, represents a strategic opportunity for sustainable development. Through our ongoing partnership with Indonesia Infrastructure Finance, a leading player in sustainable infrastructure, we can strengthen renewable energy and support mutual prosperity in the Indo-Pacific,” said Paulo Martelli, VP and Chief Investment Officer, FinDev Canada.
“This financing strengthens our capacity to support Indonesia’s energy transition and climate-resilient infrastructure development. Through this partnership with FinDev Canada, we are able to expand access to long-term financing for renewable energy and sustainable infrastructure projects that contribute to Indonesia’s low-carbon growth agenda. We value FinDev Canada’s confidence in IIF and look forward to deepening this collaboration to deliver meaningful social & environmental impact,” said Rizki Pribadi Hasan, President Director/CEO, IIF.
About FinDev Canada
FinDev Canada is Canada’s bilateral development finance institution, supporting development through the private sector. We provide financing, investment, and blended finance solutions, as well as technical assistance and advisory, to promote sustainable and inclusive growth in emerging markets and developing economies (EMDEs), in alignment with the Sustainable Development Goals (SDGs) and Paris Agreement commitments. Find out more about FinDev Canada at www.findevcanada.ca.
About PT Indonesia Infrastructure Finance
PT Indonesia Infrastructure Finance (“IIF”) is a private non-bank financial institution, which is engaged in infrastructure financing and advisory services that are professionally managed and focused on commercially viable infrastructure projects. IIF was established on 15 January 2010 at the initiative of the Government of the Republic of Indonesia. Currently, the ownership of IIF is held by PT Sarana Multi Infrastruktur/SMI (Persero), Asian Development Bank (ADB), the International Finance Corporation (IFC) which is part of the World Bank, Deutsche Investitions-und Entwicklungsgesellschaft (DEG) which is fully owned by KfW, and Sumitomo Mitsui Banking Corporation (SMBC).
In its operations, IIF applies best practices based on international standards in providing credit, risk management, good corporate governance, and social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia. Find out more about IIF at www.iif.co.id.
Media Contacts
FinDev Canada: Media@findevcanada.ca
IIF: Corcomm@iif.co.id