indonesia

The Global Energy Alliance for People and Planet (GEAPP) has announced a plan to establish the GEAPP Energy Access and Transition Trust Fund, offering US$35 million to accelerate the clean energy transition and access in five Asian countries. 

Floating PV (FPV) developer Sungrow FPV will supply floating systems to a 192MW project in Indonesia, which it has said will be the largest floating installation in the country.

Two of the world’s major coal-based economies were expected to receive billions of dollars of funding at COP27 from a G7 initiative to wean them off coal and deliver clean energy transitions, but while Indonesia has walked away with a US$20 billion deal, talks have stalled on the US$5 billion set aside for its Southeast Asian neighbour Vietnam, leaving the G7 nations that deliver the funding scratching their heads.

Saudi Arabian renewables developer ACWA Power will enter the Indonesian market with two floating solar PV projects after being chosen by PT Perusahaan Listrik Negara (PLN), Indonesia’s only state-owned electricity utility.

The Association of Southeast Asian Nations (ASEAN) will deploy 241GW of solar PV by 2030, with the technology dominating new capacity additions.

Five of Asia’s biggest economies will exponentially grow their solar capacity in the coming years, according to new analysis from think tank Ember.

ACWA Power posted strong H1 2022 results as it continues to divert its portfolio to renewables and low-carbon technologies.

Analysts have flagged concerns over a lack of clarity from Indonesia’s government related to power exports, potentially spelling trouble for project developers looking to transmit renewables generation from the country to neighbouring Singapore.

Solar developers Quantum Power Asia and ib vogt are planning to construct a 3.5GW PV plant and 12GWh energy storage facility in Indonesia that will export electricity to Singapore via a subsea cable.