News

IEA estimates that global renewable energy generation capacity will exceed 4,500 GW by 2024. Businesses are keen to know sustainable green energy trends. Eco-business has summarized 5 key factors of changing industries and societies.

Nine new renewable energy projects totaling Rp 51 trillion have faced financing dry up as international lender’s unwillingness to meet government local content requirements (LCR), state-owned electricity firm PLN said on 26.

Experts generally agree that Vietnam leads other ASEAN countries regarding total installed capacity and project development in renewable energy. However, there are concerns about insufficient localization.

Singaporean financial service group Oversea-Chinese Banking Corp. (OCBC) has partnered with Japan’s investment firm Mercuria Holdings to create a fund of up to $500 million to finance decarbonization-related businesses in Southeast Asia.

The rapid advancements in green energy contribute to reducing electricity costs. In Indonesia, solar photovoltaic prices are even approaching those of coal-fired power generation.

Indonesia is about to see the lowest investment realization in renewable energy projects in six years, despite the country’s aim to decarbonize its electricity sector, which experts suggest it is partly because of a lack of discussion to tackle barriers.

Indonesia's state power firm Perusahaan Listrik Negara (PLN) said it had signed 14 agreements with various institutions during the COP28 climate summit to transition to cleaner energy.

Geothermal energy has the potential to generate direct social benefits through direct use applications. This potential is currently being realized in Indonesia with the introduction of the Geothermal Coffee Process (GCP) by PGE in West Java.

It has become a consensus for the world to reduce dependence on fossil fuels and cut carbon emissions as renewables become mainstream in recent years. Japan, which has been actively developing hydrogen, is turning its focus to ammonia as a critical fuel.

Indonesia is set to hold its Presidential Election in February 2024. The first debate took place on December 12. Reccessary has compiled statements from each candidate tried to piece together possible directions of renewable energy.