Indonesia

The share of renewables is at 20%.

It was able to raise around $593.5m in its initial public offering.

By implementing this strategy, the company can mitigate the risk of incurring a $5m loss from drilling a single well.

It also includes a pump storage project for a hydroelectricity facility.

The government has issued Presidential Regulation No. 112 of 2022 to limit the coal-fired power plants and gradually reduce coal consumption.

RH Internationa (Singapore) will now hold a 50% stake in the project.

Indonesia and its international partners agreed to mobilise US$20b in financing.

The ETM was launched at COP26 last year. 

Amazon committed to off-take the power from the four solar projects.

The country’s plans include peaking the power sector’s total emissions by 2030.

Energy cost-saving is estimated to be worth US$400b-600b to 2050. 

Indonesia raised its carbon emission reduction target to 31.89% by 2030.

This is on the back of the rise in average selling prices.

It could still meet its 9.3GW target if it is successful in the WKP auctions, amongst others.

It carries out three projects on Sumatra Island, where 91% of its geothermal potential is unexplored.

Pertamina is set to produce green and blue hydrogen as part of its clean energy target in 2030.