Week In South East Asia: CIP, Akuo to Develop 400 MW Renewable Energy Projects in Indonesia; Constant Energy’s Corporate PPA With ThaiNamthip and More

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CIP, Akuo to Develop 400 MW Renewable Energy Projects in Indonesia


Copenhagen Infrastructure Partners (CIP), amongst the largest renewable energy focused fund managers globally, has through Copenhagen Infrastructure New Markets Fund I (“CI NMF”) entered into a joint venture with PT Akuo Energy Indonesia, a subsidiary of Akuo, an independent global renewable energy power producer and developer. Under the joint venture, CI NMF and Akuo will jointly develop an initial portfolio exceeding 400 MW of onshore wind, solar and run of river hydro projects in Indonesia, with a potential for future expansion. This transaction marks CI NMF’s first investment in the Indonesian renewable energy market. This pipeline of 400 MW equals approximately 4.5% of the additional capacity required for Indonesia to reach its target of 23% renewable energy by 2025.


Constant Energy Signs Corporate PPAs Totaling 6 MW With Coca-Cola Bottler ThaiNamthip


Constant Energy (“Constant E”) is pleased to announce the execution of long-term Corporate PPAs with ThaiNamthip Co., Ltd. The projects are located in the Pathum Thani, Khon Kaen, and Lampang provinces, Thailand. ThaiNamthip is a bottler of The Coca-Cola Company in Thailand into which the Fortune 500 firm owns a 40% stake. Drinks such as Coca-Cola, Fanta, Sprite, and Schweppes are produced and bottled in these manufacturing plants, then sold to the Thai market. The rooftop-based solar power plants to be built, owned, and operated for 20 years by Constant E will support ThaiNamthip and The Coca-Cola Company in reducing both CO2 emissions (over 67,000 Tons) and electricity bills. They incorporate the Enhanced Health & Safety and High-Quality features developed by Constant E and renowned HSE consultants, enabling among the highest safety levels for work at height and solar roof engineering, construction, and operation.

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Indonesian Solar Market Poised For Unprecedented Growth, Holds Key To Decarbonizing Energy Sector: Report

BloombergNEF, Bloomberg Philanthropies, and the Institute for Essential Services Reform (IESR) released a new report, Scaling Up Solar in Indonesia: Reform and Opportunity. Offering tailored policy recommendations to unlock Indonesia’s abundant and untapped potential for solar power, the report reveals that a national solar program with a target of 18GW of solar energy deployment can help Indonesia attract up to $14.4 billion in investment and help the nation meet its goal of reaching 23% renewable energy by 2025. Endorsed by Arifin Tasrif, Indonesian Minister of Energy and Mineral Resources, Scaling Up Solar outlines a roadmap for Indonesia to significantly expand its solar capacity—which currently sits at just 1% of its potential. This industry outlook also shows how Indonesia, as the largest economy in Southeast Asia, offers tremendous economic and environmental opportunities for global investors as it transitions away from coal, gas, and fossil-fuel power toward a renewable energy future.

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Thailand’s Largest Floating PV Plant with Sungrow PV and Floating Solutions Comes Online

Sungrow, the global leading inverter solution supplier for renewables, stated that the Company supplied both PV inverter solutions and floating solutions to Thailand’s largest hydro-floating PV plant, fueling the national transition to a lower carbon economy. The plant, occupying an area of 121 hectares, is located on the surface of a dam in the northeast province of Ubon Ratchathani and was grid-connected in September 2021. It reaches a 58.5MW capacity. Sungrow supplied the SG3400HV PV inverter solution which reaches a level C5 of anti-corrosion. Coming together with the combining box of protection level IP67, the solution proves resilient in harsh reservoir conditions. Optimized for large-scale PV plants, the solution provides high yields with a maximum inverter efficiency of 99%. Furthermore, the solution ensures low transportation and installation costs due to its standard container design. It relies on integrated zone monitoring for online analysis and troubleshooting.

Pertamina Targets 5000 Gas Stations to Install Rooftop PLTS In Indonesia

Pertamina targets the installation of PLTS at 5000 gas stations which has the potential to save a total of IDR 4 billion in a year for all these gas stations resulting from savings in electricity bill costs. The installation of the PLTS will be carried out by Pertamina NRE as a Pertamina subholding. The energy transition that is being carried out by Pertamina can be seen on the face of the new Pertamina gas station. Green Energy Station, Pertamina’s new gas station concept, provides an integrated and more environmentally friendly service to consumers. One thing that looks different on the GES is the use of PLTS Roof to meet electricity needs.

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Not only decarbonization, the use of PLTS has the potential to provide economic benefits for gas station owners of up to Rp. 1 million per month from savings in electricity bill costs. If as many as 5,000 gas stations install PLTS with a capacity of 5 KWp, then the total potential savings generated is around IDR 4 billion in a year.

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