- Xurya secures $55 million investment.
- Indonesian solar startup aims for global expansion.
- Company’s projects significantly reduce CO2 emissions nationwide.
Sun’s out, funds out
Indonesian renewable energy company Xurya has announced a hefty $55 million investment, led by the Norwegian Climate Investment Fund.
This latest round brings Xurya’s total funding to over $90 million, cementing its position in Indonesia’s burgeoning solar energy market.
Going green, going global
Xurya, known for its innovative rooftop solar rental model, plans to use this capital injection to fuel its global ambitions.
The company aims to transform into a world-class player in the renewable energy sector, supporting Indonesia’s ambitious goal of achieving net-zero emissions by 2060.
Since its inception in 2018, Xurya has been a trailblazer in Indonesia’s solar industry. The company has completed over 170 solar projects nationwide, contributing to a reduction of 152,000 tons of CO2 emissions annually.
This latest investment is expected to more than double that impact, potentially avoiding an additional 370,000 tons of CO2 per year.
