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Indonesia announces plans for 75GW renewable energy expansion over 15 years

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Indonesia has revealed plans to attract international investment for the development of 75GW of renewable energy within the next 15 years.  The announcement, made at COP29 in Baku by Indonesia’s climate envoy, Hashim Djojohadikusumo, underscores the new administration’s goal to implement 100GW of new energy, with 75% dedicated to renewables like solar, hydro, geothermal, and potentially nuclear energy. With over 90GW of current power capacity, largely coal-based, Indonesia is pushing to reach carbon neutrality by…

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HydroWing and PLN to develop Indonesia’s first tidal energy plant

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HydroWing, a division of Inyanga Marine Energy Group, has signed a binding agreement with a sub-holding of Indonesia’s state-owned power company, PLN (Perusahaan Listrik Negara), to develop the country’s first tidal energy project.  The 10 MW tidal current power plant is planned for East Nusa Tenggara in the Indonesian archipelago. This partnership builds upon a 2022 Memorandum of Understanding between HydroWing and PLN aimed at accelerating tidal energy development in Indonesia through site selection, resource…

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Samaiden Group forms JV to expand renewable energy portfolio in Indonesia

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Samaiden Group has entered into a joint venture (JV) with PT MCS Bina Energi to expand its renewable energy operations in Indonesia. The venture, made through Samaiden SG Private Limited, a subsidiary of Samaiden Group, will focus on solar photovoltaic systems, power plants, and build-own-operate-transfer projects. Samaiden holds a 70% stake in the JV, while MCS holds 30%. Samaiden will contribute technical expertise, while MCS will leverage its local business and regulatory knowledge.

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Vena Energy and Shell receive approval to export 400 MW of solar power from Indonesia to Singapore

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Vena Energy and Shell Eastern Trading have received conditional approval from Singapore’s Energy Market Authority to export 400 MW of solar power from the Riau Islands, Indonesia, to Singapore.  The project will generate over 2.6 TWh of renewable energy annually, supported by more than 2 GW of solar photovoltaic plants and 8 GWh of battery storage systems.