ADB And PLN Signs MOU For Clean Energy Goals
The Asian Development Bank (ADB) signs a memorandum of understanding with the State Electricity Corporation (PLN), Indonesia’s state-owned power company, to support the country to reach its clean energy goals. The agreement was signed at COP26 between PLN Chief Executive Officer Zulkifli Zaini and ADB Director General for Southeast Asia Ramesh Subramaniam. Indonesia Vice-Minister of State-Owned Enterprises Pahala Mansury and Indonesia Vice-Minister of Environment and Forestry Alue Dohong witnessed the signing. ADB recently raised its ambition for 2019–2030 cumulative climate financing to $100 billion and is committed to ensuring that at least 75% of its projects will address climate change mitigation and adaptation by 2030.
Indonesia Sets Off to Become a Major Solar Power Exporter in South East Asia
The recently announced solar power projects in Indonesia clearly set out the advent of an export-focused strategy in the solar power markets. Experts highly believe that more local and international companies will look to sell new and renewable energy (NRE) from Indonesia to its neighbors. The Executive Director of the Institute for Essential Services Reform (IESR) Fabby Tumiwa said, “There are tremendous opportunities for exporting renewable energy to neighboring countries, especially Singapore”. Tumiwa, who is also the chairman of the Indonesian Solar Energy Association (AESI), calls for the government to ensure NRE power plant developers prioritized domestic NRE supply and help the country achieve the target of 23% NRE portion in the national energy mix by 2025. The increasing demand for low-carbon electricity put forward new opportunities for the NRE energy power plant developers to export energy from Indonesia to Singapore and other countries of SouthEast Asia. Experts envisage increasing intra-ASEAN energy trade thanks to the rise in regional demand for clean energy due to population and economic growth.
Thailand Starts Operating Sirindhorn Floating Solar Farm
The largest floating hybrid solar power plant in the world, on Sirindhorn Reservoir in Ubon Ratchathani province, with a capacity of 45 megawatts, has started its operation as pressure mounts on climate action, said the statement. It is the world’s largest hybrid solar-hydropower project, installed on the surface of the water using 144,000 separate solar panels, the equivalent of 100 football fields. The emerging technology used in a project is showing promise and generating interest throughout Southeast Asia. In Singapore, a similar solar panel scheme is operational on Tengeh Reservoir, while plans are underway to roll out similar projects in Malaysia, Indonesia, Vietnam, and the Philippines. The 45 megawatts of peak power the project can produce complements the existing dam operations, which can generate an additional 36 MW, and provide electricity across three provinces in eastern Thailand. This project in Ubon Ratchathani province helps with one of the biggest issues associated with solar power infrastructure development, the scarcity and cost of land.
HG Metal Partners With LYS Energy to Build And Operate Rooftop Solar Systems
The leading steel distributor and processor based in Singapore, has entered into a Power Purchase Agreement with LYS Energy, to install, operate and maintain rooftop grid-tied solar photovoltaic power plants at the Group’s facilities located at 28 Jalan Buroh, said the company press release. A total of 936.84kWp solar PV system, built-in three months’ time, made up of 2,059 JA Solar Modules, has been commissioned on October 13th, 2021, and is estimated to achieve an average annual output of 1,031.5MWh over the next 20 years, it added. The solar PV system is registered with SP Services (SPS) under Energy Market Authority (EMA) scheme’s Enhanced Central Intermediary Scheme, to facilitate the export of the unconsumed excess of clean energy produced by the PV system into the national electricity grid.