Indonesia Needs Renewables Policy Push To Reach Net Zero Emissions: IEA
Indonesia has a viable path to reaching its target of net zero emissions by 2060, bringing major benefits to its citizens in the process such as more secure and affordable energy supplies, according to a new IEA report released today. But key policy reforms and international support will be crucial to the success of the clean energy transition in the world’s fourth most populous country as it enters a new phase of its economic development. The IEA’s Energy Sector Roadmap to Net Zero Emissions in Indonesia – a collaborative project undertaken with the Indonesian Ministry of Energy and Mineral Resources (MEMR) at the request of the Government of Indonesia – was launched today at the G20 Energy Transitions Ministerial Meeting in Bali under Indonesia’s first G20 Presidency. IEA Executive Director Fatih Birol and Indonesia’s Minister of Energy and Mineral Resources Arifin Tasrif also signed a Joint High-Level Statement that sets out a shared vision of Indonesia’s path to net zero, drawing on the Roadmap’s findings.
TNB & N.U.R Power Signs Memorandum of Understanding On Green Energy Initiatives In Kedah
Tenaga Nasional Berhad (TNB) established a strategic partnership with N.U.R Power Sdn. Bhd. (NUR Power) to provide smart energy solutions and Renewable Energy (RE) as the main source of future electricity for NUR Power customers in the Kulim Hi-Tech Park (KHTP) industrial area, Kedah and other licensed areas related to NUR Power. A Memorandum of Understanding (MoU) was signed to enable the installation of a rooftop solar photovoltaic (PV) system, explore large-scale solar solutions and provide commercial EVs and an adequate charging ecosystem for all customers in the KHTP area. As global demand for green energy continues to grow, NUR Power is committed to investing in solar energy solutions to increase the supply of Renewable Energy (RE) and moving towards Environmental, Social and Governance (ESG) compliance to attract foreign and domestic investors.
Solarvest To Boost Solar Residential Adoption With Its New EcoHome Solutions
Clean energy specialist, Solarvest Holdings Berhad (Solarvest) has established a subsidiary, Vestech Energy Sdn Bhd (Vestech) to focus on providing solar solutions to the residential segment in an effort to enhance the solar adoption rate among homeowners. Through Vestech, Solarvest has launched six EcoHome solar plans tailored for landed house homeowners with average monthly electricity bills starting from RM300 and above. The EcoHome solar plans come with solar system sizes ranging from 4.5 kilowatt-peak (kWp) up to 12.6 kWp. Each of the plans provides long-term cost-saving solutions with savings of up to 90% on electricity bills.
Shell With PETRONAS To Develop Rosmari-Marjoram Gas Project Powered By Solar Energy
Sarawak Shell Berhad (SSB) (80%, Operator), a subsidiary of Shell plc, together with PETRONAS Carigali Sdn Bhd (20%), has taken a final investment decision (FID) to develop the Rosmari-Marjoram gas project. Rosmari-Marjoram fields are situated 220 kilometres (km) off the coast of Bintulu, Sarawak, Malaysia and will be powered by renewable energy, using solar power for the offshore platform. “Rosmari-Marjoram will help to deliver a secure and reliable supply of energy, responsibly and efficiently,” said Shell Upstream Director Zoe Yujnovich. “This demonstrates our Powering Progress strategy – powering lives, generating value, and reducing emissions by using renewable energy to power Rosmari-Marjoram.”
European Union Provides 30,500 Solar Home Systems To Mindanao, Philippines
The European Union (EU), is now powering additional 30,500 Mindanao homes with solar home systems in addition to the 10,000 homes that were already installed since the program’s inception in 2019. The EU released a statement stating that the solar home systems (SHS) units were officially handed over to the beneficiaries of five electric cooperatives in Sultan Kudarat, Bukidnon, Cotabato, Davao del Sur, and South Cotabato. This project was made possible by a grant of PHP1.06 billion. It is part of the larger EU’s 3.83 billion Access to Sustainable Energy Programme. The SHS package contains a 50-watt peak panel, a charger with lithium-ion battery batteries capable of powering at least four LED bulbs, as well as a radio and torchlight. There are also USB ports to charge mobile devices.
United States, Indonesia Agree On Framework To Accelerate Indonesia’s Transition To Renewable Energy
Special Presidential Envoy for Climate John Kerry visited Bali from August 30 through September 2 to participate in the G20 Joint Environment and Climate Ministerial Meeting and for bilateral conversations with the Government of Indonesia regarding accelerating Indonesia’s just transition to renewable energy. Secretary Kerry and Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan agreed on a framework for Indonesia to significantly accelerate its renewables deployment this decade, in conjunction with the United States, Japan, and other country partners mobilizing significant public and private finance for investment in Indonesia’s energy transition.
KBank With Four Partners Is Launching The ‘SolarPlus’
To further implement the GO GREEN Together project, KASIKORNBANK has teamed with four partners, i.e., Electricity Generating Authority of Thailand, PEA ENCOM Smart Solution Limited, Supalai Public Company Limited, and INNOPOWER Company Limited, to unveil the SolarPlus project to support the Thai public’s use of clean energy. The first effort of its kind in Thailand, To further implement the GO GREEN Together project, KASIKORNBANK has teamed with four partners, i.e., Electricity Generating Authority of Thailand, PEA ENCOM Smart Solution Limited, Supalai Public Company Limited, and INNOPOWER Company Limited, to unveil the SolarPlus project to support the Thai public’s use of clean energy. The first effort of its kind in Thailand, the SolarPlus project aims to install solar rooftops for households for free to allow the general public to generate and sell electricity. In the initial stage, the project will be implemented at Supalai housing estates. Targeting installation of solar rooftops for 500,000 households within five years, KBank is prepared to provide a 50 billion Baht in loan facility to solar power developers. The project is expected to help reduce greenhouse gas emissions by 2.3 million tons of carbon dioxide equivalent per year while encouraging Thais to embrace clean energy in alignment with Thailand’s net zero goals.