Large scale floating PV to sell power at $0.0368/kWh in Indonesia
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.
Eastern Indonesia may become hub for large scale PV deployment
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.
Cleantech Solar a big wheel in Asia’s C&I rooftop PV scene
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.
Asian Development Bank provides more than $1bn finance for renewables power lines
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.
Japanese owner of WA’s Bluewaters coal plant reports worst ever loss in face of energy transition
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.
Weekend read: Energy supply in an archipelagic nation
Mobile electricity storage systems (MESS) – batteries that are charged and then transported – could offer one of the best scenarios for electrification across the vast Indonesian archipelago, which spans more than 17,000 islands. A team at the University of Indonesia is working with multiple government agencies to bring the idea to scale and provide affordable electricity to rural Indonesians.
ASEAN’s looming renewables revolution
Southeast Asia, when taken as a whole, is a global laggard in the uptake of renewable energy, but some countries are leading the way, such as Vietnam, the Philippines, and Myanmar. And as ‘Angry Clean Energy Guy’ Assaad W. Razzouk argues, policymakers in the region cannot hold back the tide of solar and wind for much longer.
Salt of the earth Deakin Uni researchers win global prize with innovative sodium battery
A group of Deakin University researchers have won a top gong at Climate Launchpad 2020 with their innovatory sodium battery which they expect to electrify Indonesia’s enormous scooter market within three years and outcompete lithium ion batteries in the near future.
Cleantech Solar secures Asia Pacific’s largest ever C&I green loan
Singapore-based commercial and industrial solar developer Cleantech Solar has secured a US$75 million in green finance from ING Bank, the Asia Pacific’s largest ever C&I solar green loan. As the world’s fastest growing electricity market, South East Asia is crying out for this kind of investment.
Coal developers risk half a trillion dollars down nonrenewable drain
A new report from financial think-tank Carbon Tracker has found that coal developers risk wasting more than $600 billion due to stubborn resistance to the already cheaper electricity resources provided by renewable energies worldwide. The report finds, in short, that a new coal plant is about as prudent an investment today as a Clydesdale and cart.
