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News
January 02, 2024
Local content rules hampering 9 renewable energy projects in Indonesia
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.
December 29, 2023
Vietnam's renewable energy sprung up, but localization is slow
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.
December 28, 2023
OCBC to create decarbonization fund to aid Southeast Asia’s energy shift
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.
December 25, 2023
Indonesia’s green energy price may compete with fossil fuels: official
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.
December 25, 2023
Indonesia’s renewables investment hits multiyear low amid transition push
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.
December 20, 2023
Indonesia state utility PLN inks 14 clean energy deals during COP28
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.
December 20, 2023
Geothermal coffee process used in Indonesia speeds up processing
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.
December 19, 2023
Japan eyes ammonia as critical strategic energy source
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.
December 18, 2023
Indonesia energy policy among 3 president candidates
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.
December 15, 2023
Indonesia renewables couldn’t meet goals by 2025: officials
The Indonesian Ministry of Energy and Mineral Resources (ESDM) has confirmed that Indonesia can’t achieve its ambitious target to achieve 23% of renewable energy mix by 2025. Experts believe that the main reasons behind this are some financial constraints