News

Indonesia emerged as one of the world’s strongest markets for IPOs this year. Part of the reasons is the intensive rush to transition from fossil fuels and into green energy.

The map shows the technical potential for four renewable energy technologies, namely solar PV, onshore and offshore wind, as well as Ocean Thermal Energy Conversion.

Indonesia’s PGN and three Japanese firms are exploring the production of biomethane from palm oil mill effluent to meet the growing demand for natural gas and reduce methane emissions.

Indonesia’s Deputy Minister of Finance has said that the green economy will be one of the focuses of government’s policy in the coming years.

The Indonesian government is still working on finalizing its carbon tax regulation, which aims to anticipate the EU’s CBAM that will be fully implemented in 2026.

Pertamina and BP are exploring a potential collaboration in the carbon capture, utilization, and storage project at the Tangguh natural gas field, which may involve producing blue ammonia.

PLN Nusantara Power and UAE’s Masdar have agreed to develop phase II of the Cirata floating PV power plant in Indonesia by up to 500MW, in a major expansion to the largest FPV plant in Southeast Asia.

Indonesia’s PT Barito Renewables energy Tbk is preparing an IPO on the Indonesian stock exchange, following PT Pertamina Geothermal Energy Tbk, another geothermal operator that entered the market earlier this year.

Indonesia launched its first carbon emissions trading market to curb the climate impact of its coal-dominated power sector.

ExxonMobil and BP executives expressed optimism about the oil firm’s carbon capture projects in Indonesia, suggesting they provided a solution to the global need to balance emissions reduction and energy security.