New report by BloombergNEF, Bloomberg Philanthropies, and the Institute for Essential Services Reform (IESR) reveals national solar program could attract up to $14.4B in investment and help Indonesia meet its 2025 renewable energy goal Report shows solar tariffs in Indonesia have decreased 76% since 2015 and costs for solar could outcompete new coal plants by […]
Masdar to Build 145 MW Floating Solar Plant in Indonesian Reservoir
UAE renewable energy company Masdar is to build a 145MW floating solar plant in Indonesia, which is expected to begin commercial operation by the end of 2022. Masdar announced on Tuesday that it had reached financial close with PT PJBI, a subsidiary of Indonesia’s state-owned electricity company PT PLN, for the Cirata Floating Photovoltaic Power […]
Sunseap Plans 2.2-GWp Floating Solar Complex on Indonesian Island
Singapore-based solar developer and operator Sunseap Group Pte Ltd is proposing to build a giant 2.2-GWp floating solar complex with battery storage on Indonesia’s Batam Island. The Singaporean firm said on Wednesday it has signed a memorandum of understanding (MoU) with Batam Indonesia free zone authority Badan Pengusahaan Batam (BP Batam), outlining an investment of […]
Winds of Change Lift Indonesian Renewables
The Covid-19 pandemic has crushed Indonesia’s power sector. The economic slowdown depressed electricity demand by 15 per cent in 2020. Due to travel restrictions, construction has stalled on many Indonesian power projects that rely on imported labor. And the government recently reallocated a quarter of its infrastructure budget to finance its pandemic response, applying additional […]
Corporate Green Bond for Financing Green Energy Projects in Indonesia
With the signing of the Paris Agreement in 2016, Indonesia is committed to reducing its 29% carbon emission by 2050. The other duty is to meet its ambitious target of 23% new renewable energy by 2025. However, the most significant contributor to carbon emission in Indonesia is the energy sector. Hence, the development of green […]