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5 Ways to Validate a Business Idea, Right Now

Don't let your day job or lack of capital stop you from finding and testing a business idea. Here's how.
Last year, I embarked upon a personal challenge to validate a business idea in 30 days. To make it even more difficult, it was a random idea chosen by my readers. They asked me to do it without using my existing website, traffic and business connections and without spending more than 20 hours per week on the project. On top of that, I limited myself to spending no more than $500 validating this idea. The experiment was a success.In just two weeks, I built an email list of 565 subscribers without having an actual website. Then, I reached out to a handful of those subscribers and pre-sold 12 copies of a book that didn't even exist yet, all in less than 30 days. I wrote about the experiment in real-time with in-depth weekly updates, successes, failures and lessons learned along the way, right here in my validation challenge. Today, I want to share with you the five most effect…

Indonesia's Largest Wind Farm Project Seeks Up to $135 Million

Construction will begin in May 2016 on Indonesia’s largest wind farm as Asia Green Capital Partners Pte Ltd., a Singapore-based clean energy developer, lines up financing for the 62.5 MW project.

The World Bank’s International Finance Corp. will contribute to the project known as Jeneponto 1, which will cost $120 million to $135 million, according to Edgare Kerkwijk, managing director of Asia Green Capital.

The firm expects the project to achieve "financial closure in the first quarter of 2016,” Kerkwijk said. Standard Chartered PLC has been appointed as the financial adviser.

The power purchase agreement for the project is being negotiated and is expected to be signed in three to four weeks.

The project will be funded through 25 percent equity, which will come from IFC and Asia Green Capital. The remainder will come from in the form of loans from IFC, the Asian Development Bank, Denmark’s export credit agency EKF and other banks, he said.

This wind farm in South Sulawesi province of Indonesia will use turbines manufactured by Vestas Wind Systems A/S. Construction will finish in 18 months.

Asia Green Capital’s 400 MW portfolio of wind and solar projects spread in Indonesia, Thailand, Vietnam and Philippines will be completed by late 2018.

A second phase of the project called Jeneponto II is a a 100 MW wind farm is being developed in the same province by Asia Green Capital.