Indonesia

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.”

A new report from the Institute for Essential Services Reform (IESR) shows that PV has not been growing significantly in Indonesia in recent years, despite the size of the energy market and economy. According to its authors, however, there are multiple paths that can be followed to bring volumes into all market segments. Large scale solar is expected to play a major role in the years to come, as the LCOE for big floating projects is approaching levels close to those of more mature markets.

The Indonesian government has announced the construction of a big PV plant in the eastern part of the country, explaining that the region is particularly suitable for solar development due to its dry climate and high solar radiation levels. The region is indeed the most suitable area for solar parks, due to land availability and high electricity generation costs.

The latest in Cleantech Solar’s 500+ MW portfolio of solar projects rolling out on manufacturing-facility rooftops across Asia is a major Indonesian tyre producer set to green the supply chain for future vehicles.

The development lender has followed up a $600 million loan for distribution infrastructure in eastern Indonesia with a $430 million credit line for installations in India.

The Sumitomo Corporation has reported a stunning ¥26bn (US$251m) loss on its Western Australian Bluewaters coal fired power investment. The loss assures the company’s worst ever annual performance and comes as a result of international and financial pressure against coal funding.