Indonesia plans 4.3GW nuclear power capacity
Author: PPD Team Date: 03/02/2025
Author: PPD Team Date: 03/02/2025
Indonesia is planning to build nuclear power plants with a total capacity of 4.3 GW as part of its cleaner energy strategy and to reduce fossil fuel dependency. The country’s current installed power capacity exceeds 90GW, with more than half sourced from coal and less than 15% from renewables, as reported by Reuters.
Indonesia, being earthquake-prone, has avoided nuclear power until now. Hashim Djojohadikusumo, adviser to President Prabowo Subianto, confirmed the development of floating small modular reactors but did not specify a timeline or quantity. Nuclear plants are expected to begin operations by 2036.
Djojohadikusumo also criticized the G7’s Just Energy Transition Partnership (JETP), which promised Indonesia $20 billion for emission reduction efforts, noting that disbursements have been minimal. He added that the government would not close all coal power plants by 2040 but would halt the construction of new ones.
Author: PPD Team Date: 24/10/2024 The European Investment Bank (EIB) has signed a €120 million loan agreement with Iberdrola to support research and innovation in energy technologies, focusing on accelerating electrification and decarbonisation. The total investment associated with these initiatives amounts to €250 million. The funding will be directed toward the development of renewable energy technologies, including solar photovoltaic, hydro, wind power, hybrid, and agrovoltaic projects. It will also support research into decarbonisation technologies such…
Author: PPD Team Date: 24/02/2025 ReNew has announced its financial results for the third quarter of FY 2024-25, ending December 31, 2024. The company recorded a revenue of Rs 21.2 billion, marking a 10 per cent year-on-year (YoY) increase from Rs 19.3 billion in Q3 FY 2023-24. Revenue from power sales stood at Rs 14.9 billion, slightly lower than Rs 15 billion in the previous year. Net loss widened to Rs 3.8 billion from Rs…
Author: PPD Team Date: 11/12/2024 The European Union plans to promote geothermal energy to replace Russian gas and lower energy costs, according to a draft document. At an upcoming meeting in Brussels, the 27 EU member states are expected to endorse geothermal energy collectively for the first time, reported Reuters. The draft proposes an EU-wide strategy to cut emissions from heating and cooling systems and expedite geothermal projects. This includes financial guarantees to mitigate investment…
Author: PPD Team Date: 04/04/2025 Power Grid Corporation of India Limited (PGCIL) has received a Letter of Intent (LoI) for selection as the transmission service provider (TSP) for a key power evacuation project in Madhya Pradesh. The award follows a tariff based competitive bidding (TBCB) process under the build, own, operate, and transfer (BOOT) model. The project is titled Transmission System for evacuation of power from Mahan Energen Limited Generating Station in Madhya Pradesh. PFC…
Author: PPD Team Date: 11/07/2025 The Bihar Cabinet has approved the Bihar Renewable Energy Policy 2025, replacing its 2017 version. The new policy sets a five-year target to develop 23,968 MW of renewable energy capacity and 6.1 GWh of energy storage. Drafted by the Bihar Renewable Energy Development Agency (BREDA), the policy spans a wide range of technologies including solar, wind, biomass, green hydrogen, geothermal, pumped hydro, and battery storage. It introduces regulatory and financial…
Author: PPD Team Date: 22/11/2024 RIC Development, LLC (“RIC Energy”) has partnered with Rosemawr Management to finance interconnection deposits for up to 450 MW of solar and energy storage projects in New York over the next three years. This partnership will help advance projects through the NYISO interconnection queue. Additionally, it will allow RIC Energy to grow its portfolio, and increase access to affordable, clean energy for local communities. Jonathan Rappe, CEO of RIC Energy…
Author: PPD Team Date: 24/10/2024 The European Investment Bank (EIB) has signed a €120 million loan agreement with Iberdrola to support research and innovation in energy technologies, focusing on accelerating electrification and decarbonisation. The total investment associated with these initiatives amounts to €250 million. The funding will be directed toward the development of renewable energy technologies, including solar photovoltaic, hydro, wind power, hybrid, and agrovoltaic projects. It will also support research into decarbonisation technologies such…
Author: PPD Team Date: 24/02/2025 ReNew has announced its financial results for the third quarter of FY 2024-25, ending December 31, 2024. The company recorded a revenue of Rs 21.2 billion, marking a 10 per cent year-on-year (YoY) increase from Rs 19.3 billion in Q3 FY 2023-24. Revenue from power sales stood at Rs 14.9 billion, slightly lower than Rs 15 billion in the previous year. Net loss widened to Rs 3.8 billion from Rs…
Author: PPD Team Date: 11/12/2024 The European Union plans to promote geothermal energy to replace Russian gas and lower energy costs, according to a draft document. At an upcoming meeting in Brussels, the 27 EU member states are expected to endorse geothermal energy collectively for the first time, reported Reuters. The draft proposes an EU-wide strategy to cut emissions from heating and cooling systems and expedite geothermal projects. This includes financial guarantees to mitigate investment…
Author: PPD Team Date: 04/04/2025 Power Grid Corporation of India Limited (PGCIL) has received a Letter of Intent (LoI) for selection as the transmission service provider (TSP) for a key power evacuation project in Madhya Pradesh. The award follows a tariff based competitive bidding (TBCB) process under the build, own, operate, and transfer (BOOT) model. The project is titled Transmission System for evacuation of power from Mahan Energen Limited Generating Station in Madhya Pradesh. PFC…
Author: PPD Team Date: 11/07/2025 The Bihar Cabinet has approved the Bihar Renewable Energy Policy 2025, replacing its 2017 version. The new policy sets a five-year target to develop 23,968 MW of renewable energy capacity and 6.1 GWh of energy storage. Drafted by the Bihar Renewable Energy Development Agency (BREDA), the policy spans a wide range of technologies including solar, wind, biomass, green hydrogen, geothermal, pumped hydro, and battery storage. It introduces regulatory and financial…
Author: PPD Team Date: 22/11/2024 RIC Development, LLC (“RIC Energy”) has partnered with Rosemawr Management to finance interconnection deposits for up to 450 MW of solar and energy storage projects in New York over the next three years. This partnership will help advance projects through the NYISO interconnection queue. Additionally, it will allow RIC Energy to grow its portfolio, and increase access to affordable, clean energy for local communities. Jonathan Rappe, CEO of RIC Energy…
Author: PPD Team Date: 24/10/2024 The European Investment Bank (EIB) has signed a €120 million loan agreement with Iberdrola to support research and innovation in energy technologies, focusing on accelerating electrification and decarbonisation. The total investment associated with these initiatives amounts to €250 million. The funding will be directed toward the development of renewable energy technologies, including solar photovoltaic, hydro, wind power, hybrid, and agrovoltaic projects. It will also support research into decarbonisation technologies such…
Author: PPD Team Date: 24/02/2025 ReNew has announced its financial results for the third quarter of FY 2024-25, ending December 31, 2024. The company recorded a revenue of Rs 21.2 billion, marking a 10 per cent year-on-year (YoY) increase from Rs 19.3 billion in Q3 FY 2023-24. Revenue from power sales stood at Rs 14.9 billion, slightly lower than Rs 15 billion in the previous year. Net loss widened to Rs 3.8 billion from Rs…