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This paper aims to present the concept of Sukuk Wakalah al-Ististmar funding to finance private projects in the energy sector that will be developed to increase the availability of sustainable energy supply for the people of Indonesia. Sukuk Wakalah contract structure is more flexible in allocating funding compared to the Ijarah and Mudarabah contracts because the assets used as leased objects have not yet been built. The writing of this paper is explorative to identify the mechanism of Sukuk issuance, by conducting a literature review, interviews and discussions with capital market sharia experts. The implication of this research is as a guide for the decision-makers of the energy sector companies, academics, and market participants to understand that the Sukuk Wakalah al-Ististmar model has the potential as a source of funding and investment in a new long-term project to be undertaken, with the criteria specified.