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The largest commercial solar projects ever approved in Connecticut have won the backing of state regulators and could provide more sources of renewable energy to electricity distributors Connecticut Light & Power Co. and United Illuminating.

Solar power plants in East Lyme and Somers were approved by the state Department of Energy & Environmental Protection and were chosen from a field of 21 proposals as part of a new competitive bidding process by the state to increase sources of renewable energy in Connecticut and drive down costs.

The two projects each would supply five megawatts of power to the electric grid. One megawatt can serve about 1,000 homes.

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Suryo Sulisto, first hosted by AICC in the 1980’s as an Eisenhower Fellow, returned as Chairman of Indonesia’s largest business organization, KADIN (Indonesian Chamber of Commerce and Industry), to speak to 45 AICC members at a December 8thbreakfast at the Yale Club of NY.  KADIN is the only organization with statutory authority to represent business with the government.  Sulisto highlighted the fundamental connection between NY and Indonesia through the shared legacy of colonization by the Dutch and the fact that the Manhattan was traded to the British fo ran island in the Moluccas.  Acknowledging the serious economic challenges facing Europe and the US, he urged American companies to focus on new opportunities, and made the case for Indonesia as one of them.

Given the anticipated lower demand from the US, EU and even China, Indonesia was well positioned to ride out the “turbulence” for the following reasons, in Sulisto’s opinion:

• Only 22% of GDP is export related, 60% is consumption
• Growth in range of 5.5-6%
• Low debt to GDP ratio: 26%
• Structurally sound economy with abundant natural resources and a middle class predicted to be 60% of the population by 2030.
• High levels of consumer confidence fueling good demand for products, heightened by the youth of the country’s population (50% under 35)
• Better exposure internationally in forums such as G20, APEC, East Asia Summit
• Ample foreign reserves, in worst case the finance ministry can buy back bonds to curb a currency run

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