More than $150 million in loans will help Indonesia build its first utility-scale solar power plants, the Asian Development Bank said Thursday. ADB said it would offer financial support for a project led by Vena Energy, the largest power producer in the Asia-Pacific, to advance renewable energy projects in Indonesia. The first phase of the project calls for the construction of a 72 megawatt wind power plant. The second phase calls for a combined 28 MW in solar power plants, the first ever envisioned for the country. Vena Energy CEO Nitin Apte said his company was capitalizing on Indonesia’s renewable energy commitments. “Vena Energy is leveraging our regional project development track record, technical capabilities, and economies of scale to generate low-cost clean energy […]