PermataBank Partners With SUN Energy For Rp500 Billion Green Financing Initiative In Indonesia

Indonesia’s banking sector continues to champion green financing initiatives, aligning with the government’s ambitious goal of achieving Net Zero Emission (NZE) by 2060. PermataBank, a prominent player in the industry, has taken a significant stride in this direction by disbursing a green financing facility worth Rp500 billion to SUN Energy for the development of solar energy projects across Indonesia. This move underscores PermataBank’s strategic commitment to fostering Renewable Energy Projects (EBT) and mitigating climate risks while reducing carbon emissions within its banking activities. Evi Hiswanto, Chief Corporate Banking Officer at PermataBank, highlighted the importance of such collaborations, stating, “Our partnership with SUN Energy reflects our dedication to expanding environmentally friendly financing options. By engaging with clients like SUN Energy, we aim to promote sustainable practices and facilitate their transition towards low-carbon and resilient climate strategies.”

Charoen Pokphand Indonesia Implements Solar Power Plant For Sustainable Energy Transition

PT Charoen Pokphand Indonesia Tbk (CPIN), a poultry industry leader, has initiated its transition to sustainable energy by installing a solar power plant (PLTS) in collaboration with solar energy developer SUN Energy. “Through this long-term partnership with SUN Energy, we believe that installing PLTS can contribute to addressing the challenges of global climate change,” stated Aditya Taufiq Wibowo, General Manager of Production at Charoen Pokphand Indonesia, in Jakarta, as reported by Antara on Friday, March 15. The PLTS was set up at one of PT Charoen Pokphand Indonesia’s Plants in Salatiga, Central Java, boasting a capacity of 1.5 MWp. It is estimated that the utilization of solar energy will generate 1,508,458 kWh of electricity annually, resulting in a reduction of 1,178 tons of carbon emissions and the equivalent of planting 17,676 trees.

GoodWe Officially Announces Inauguration of First Overseas Manufacturing Base, a Globalization Milestone

GoodWe, a leading player in the solar energy industry, has announced the official commencement of operations at its first overseas manufacturing plant in Hai Phong, Viet Nam. Representing a significant milestone in the company’s global expansion strategy, this new facility also marks the third in GoodWe’s manufacturing network, reinforcing its dedication to efficiently delivering tailored, high-quality products to its customers worldwide. The inauguration ceremony, held on March 11th, commemorated the opening of GoodWe Viet Nam Technology Co., Ltd and marked the beginning of production at this facility. Distinguished guests included leaders from Deep C Industrial Development Zone and BW Industrial Development JSC, alongside GoodWe’s esteemed partners and customers. From Headquarter, Mr. Daniel Huang, Founder and CEO of GoodWe, led a team of senior executives to participate in the event.

Huadian Group Eyes $2.4B Investment In Green Hydrogen Plant In Quang Tri, Vietnam

Chinese state-owned enterprise Huadian is set to establish a $2.4 billion green hydrogen facility in central Vietnam in collaboration with local partner Minh Quang JSC. The proposed project, recently presented to authorities in Quang Tri province, encompasses a 1,200 MW wind power plant, an 800 MW solar power plant, and a water electrolysis plant for hydrogen production, alongside necessary storage and transportation infrastructure. Upon completion, the facility, situated within Quang Tri’s Dong Gio Linh industrial cluster, is projected to generate an annual output of 60,000 tons of hydrogen, generate $250 million in yearly revenue, employ 500 individuals, and contribute $27.5 million to the state budget.

Padma Hotels’ Solar Power Initiative Paves The Way For Sustainable Tourism In Indonesia

In Indonesia, the push towards a more sustainable future gains momentum as Padma Hotels takes significant strides in embracing renewable energy, particularly solar power, within the hotel industry. Throughout 2023, Padma Hotels, with properties in Bali, Bandung, Semarang, and Karawang, has been operating Solar Power Plant (PLTS) systems, marking a commendable effort to reduce carbon footprints. Emi Ishii, Director of Rooms at Padma Hotel Semarang, emphasized the hotel’s commitment to sustainability, stating, “Padma Hotels strongly supports energy-saving initiatives, with solar energy being a prime choice due to its eco-friendly nature and limitless availability.” By harnessing solar energy, Padma Hotels significantly curbs reliance on fossil fuels, ensuring that every guest experiences accommodation powered by clean, renewable energy sourced from the sun.

Philippines: MSpectrum Joins Forces With Mirax And Rima For Solar Energy System Installation In Taguig Warehouse

In a strategic move towards sustainable development, MSpectrum, a leading renewable energy solutions provider, has partnered with real estate giants Mirax and Rima to install a cutting-edge 32-kilowatt peak (kWp) hybrid solar energy system with battery energy storage at one of their warehouses in Taguig. This collaborative effort aims to significantly reduce Mirax and Rima’s carbon footprint by an estimated 30 tonnes, which is equivalent to planting 1,350 mature trees. The installation of the photovoltaic (PV) system underscores the companies’ commitment to environmental stewardship and their proactive approach towards embracing clean energy solutions.

San Miguel Corporation CEO Applauds President Ferdinand R. Marcos Jr. For Energizing Philippines’ Energy Sector

San Miguel Corp.’s (SMC) president and CEO, Ramon Ang, commended President Ferdinand R. Marcos Jr. for his initiatives aimed at revitalizing the Philippines’ energy sector, highlighting the nation’s historical prowess in energy innovation from the 1960s to the 1980s. Speaking at the question-and-answer session of the World Economic Forum (WEF) on East Asia at Malacañang Palace, Ang emphasized the Philippines’ role as a pioneer in geothermal power development in the region. Ang noted that the Philippines constructed its inaugural geothermal power plant in 1977, with current geothermal output reaching 2,000 megawatts. Additionally, the country was among the first in Asia to establish a nuclear power facility in 1976, and early adopters of the Malampaya natural gas field and solar energy in the 1980s.