Indonesia, the second-biggest coal exporter in the world, is now taking more steps to reduce its dependency on “black gold” as it starts to consider clean energy.
PV markets in Southeast Asia have picked up over the past two years, driven by the astounding growth of Vietnam. Regional policies, combined with growing demand for renewable power in the manufacturing industry, will result in 27 GW of new PV installations across the region over the next five years, writes IHS Markit analyst Dharmendra Kumar. PV installations in these countries are driven by attractive feed-in tariffs, net energy metering, tariff-based auction mechanisms, and other incentives.
If built, the project would be the world’s largest floating PV power plant and would reach the same capacity as the largest ground-mounted facility currently in operation.
Southeast Asia could well become the global engine room of renewable energy expansion. Population and economic growth is expected across the three decades in which the world has to decarbonise, but the brimming bounty of renewables deployment will force developers to navigate the region’s systems. As it turns out, that could be a treacherous task.
Indonesia will catch the eye too over the next nine years, according to Wood Mackenzie analysts, as its market grows from 300 MW to 8.5 GW.
Minh K Le, senior renewables analyst at Rystad Energy, examines five key trends to watch in Southeast Asia utility-scale solar, as mega-scale projects ramp up, Indonesia emerges, and Vietnam steps back.
Indonesia-focused oil company, Lion Energy, today announced it had raised $2.8 million to explore opportunities in green hydrogen in Australia and Indonesia.
Chinese module manufacturer Jolywood is preparing to invest in a joint venture with state-controlled local partner PT Len Agra Energy to set up 1 GW of annual cell and panel capacity.
Given the huge opportunities crowdfunding presents, we argue that Indonesia could resort to this strategy to fund green projects and help overcome the country’s stalled development of renewable energy.
Advanced technology is of little use if it cannot reach those who need it most. Two Indonesian companies – Kopernik, an NGO based in Bali, and Sumba Sustainable Solutions, from the island of Sumba – are trying to bridge the gap between those in need and those with technological solutions. They both focus on the PV electrification of rural areas and brightening Indonesia’s “last mile.”
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