Investment in renewables in Southeast Asian countries could reach US$119 billion by 2027 driven by wind, solar and geothermal projects, according to energy research Rystad Energy.
A framework agreement has been signed between developer Vena Energy and key technology suppliers to a cross-border clean energy ‘hybrid megaproject’ in 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.
As Singapore battles the need to decarbonise without the land availability to establish sufficient large-scale renewables plants, Jules Scully looks at prospective power import projects and the consortiums behind them.
