Despite the nation’s goal to reduce carbon emissions in its power sector, Indonesia’s investment in renewable energy projects in 2023 is forecasted to reach its lowest level in the past six years. This was revealed by the Indonesian Ministry of Energy and Mineral Resources (ESDM), which said that as of the end of November, Indonesia has only attracted 1.17 billion USD worth of investment in new and renewable energy, equivalent to 65% of the 1.8 billion USD target set for this year. It is reported that this year’s target is predicted to be unattainable, even after the Indonesian Government revised…
Author: Rashida
As the Philippines is moving towards green energy and implementing policies to make energy transition easier and fast, the jeepney drivers has started a 12-day strike on Monday to protest the phaseout of the popular public transportation to pave way for the carbon-free mini -buses. As pe reports, the protest is against a Dec. 31 government deadline for jeepney operators to surrender their franchises and consolidate into cooperatives in line with a program to replace the polluting vehicles with mini buses having motors mostly powered by electricity. Public transport operators are also asking for more financial support to make the…
Singapore-based renewable energy developer Gurin Energy has an ambitious plan to invest 91 billion yen (S$851.7 million) to build a large energy storage facility in Japan. As per reports, the Singapore-based firm aims to tap into Japan’s demand for storage capacity which has risen due to the rapid shift to renewable energy. “The facility will host power plants with a total output of 500 megawatts and a storage capacity of 2,000 megawatt-hours, which is enough to charge 50,000 electric vehicles,” said the firm. It is expected to begin its operations by early 2028. The storage facilities will be built on…
Malaysian state Sarawak will work with the United Arab Emirates (UAE) to develop renewable energy. This was disclosed by Sarawak Premier Tan Sri Abang Johari Tun Openg, he said, the state signed a memorandum of understanding (MOU) with Abu Dhabi’s renewable energy company Masdar at the recent United Nations climate change conference (COP28) in Dubai. “They are the world leader in green technology. At the moment, they have investments in Indonesia in floating solar.We have all the resources on green energy, so we will be working with them on renewable energy, including our hydropower, solar and algae for sustainable aviation…
Turkey’s current rooftop solar potential reached ten times its installed solar capacity, as per the report by Ember. which is sufficient to achieve 45% of electricity consumption, the nation, now has 120 GW of technical potential for solar power from rooftop sources, with US$3.6b of subsidies that can be reduced from residential consumption. The report says that the top three provinces with the most rooftop solar potential are Istanbul (10.4 GW), Ankara (10.1 GW) and Izmir (9.3 GW) – three areas with the highest population. This is in contrast with industrial provinces like Kocaeli (2.5 GW), Manisa (3.1 GW), and Tekirdağ…
JERA Co., Inc. (JERA), Electric Power Development Co., Ltd., Tohoku Electric Power Co., Inc. (Tohoku), and Itochu Corporation are selected as primary operators for an offshore wind power project in Akita Prefecture. The project is reported to be one of the largest projects in Japan. “Through the consortium organised by JERA, the four entities will take charge of the development, construction, and operations of the projects in Oga City, Katagami City, and Akita City. All parties will generate new synergies as a commitment to long-term, stable, and efficient wind power,” said the firm in a note. Adhering to the “Opinion of…
As a part of its expansion plans for its non-power and future fuel businesses, RATCH Group Public Company Limited launched new green projects in Vietnam, Philippines and Australia. In its statement, the Thai-based independent energy producer said that it has been negotiating a contingency plan for consistent cash flow and revenue. “For its investment plans for Australia, Vietnam, and the Philippines, covering ten power projects overall, the firm has conducted feasibility studies. It also includes pipelined projects undergoing development. Future projects are expected to hold a 2,918.23 MW capacity from 2024 to 2033,” said the firm. “By March 2024, the company…
The e-commerce platform, Amazon will be developing its first renewable energy project in South Korea with an estimated 60 MW capacity. Dwelling on the project, it said in its statement that the project can produce 81,211 megawatt hours of clean energy that can supply power to 25,000 households annually. “This new solar project in South Korea will help Amazon move closer to achieving its goal of powering our operations with 100% renewable energy by 2025, while also building on our commitment to offer our customers a more sustainable digital transformation,” said Kee Ho Ham, country manager of Amazon Web Services (AWS) Korea.…
The construction division of Samsung C&T has formed a consortium with Japan’s Marubeni, Oman’s state-owned energy company OQ, and UAE’s Dutco, among other global companies, to secure the business rights for the Salalah H2 Green Ammonia Project. This project in Oman has a target to produce 1 million tons of green ammonia annually. The Samsung C&T consortium signed a land use and business development agreement for the Salalah Green Ammonia Project with Hydrom, a State-owned green hydrogen firm. It may be noted that Oman is promoting its business by selecting three green hydrogen zones in the central and southern regions…
Sembcorp Industries’ subsidiary, Sembcorp Solar Singapore, has won a tender from JTC to solarise interim vacant land and rooftops across five buildings on Jurong Island. The firm said that the contracted capacity for this project amounts to 117MWp (80MW). This will make it the largest project by capacity awarded by a public sector agency in Singapore. With this, the firm will be responsible for the establishment of the 285-megawatt-hour Sembcorp Energy Storage System and the anticipated launch of a 600 MW hydrogen-ready power plant by 2026. It is expected that such developments will help boost Singapore’s grid resilience and aid in…