In just three years, Jakarta has signed deals worth about $15 billion for battery and EV production With the world’s largest reserves of nickel, used extensively in making batteries, Indonesia is aiming to become an electric vehicle powerhouse, not least by courting Tesla CEO Elon Musk. But to attract the investment needed to become an […]
G20 Summit Sends Positive Signal for COP27; Countries Announce Major Funding Package for Indonesia’s Energy Transition – EQ Mag
BALI, INDONESIA : The G20 Leaders’ Summit in Bali, Indonesia, has come to a close with countries issuing an important declaration on climate change as the COP27 negotiations enter their final stretch. G20 countries reaffirmed the goals of the Paris Agreement, the need to address loss and damage, and keep the 1.5 degrees C limit […]
Indonesia’s Push to Reach Net Zero Emissions can Help Power a New Phase in its Economic development – EQ Mag Pro
Clean energy transition is key opportunity for Indonesia to diversify its economy while making its energy supplies more secure and affordable, but international support will be vital Indonesia has a viable path to reaching its target of net zero emissions by 2060, bringing major benefits to its citizens in the process such as more secure […]
High coal prices could boost Indonesia’s energy transition – EQ Mag Pro
The US$6.8 billion cash balance of the Indonesian coal companies at the end of 1Q22 could help repay financial debt and speed up the phase-out for the clean transition. Global coal prices are likely to stay elevated due to the change in trade flows arising from the Russia-Ukraine conflict. Coal companies should not miss the […]
A $5 Billion Plan May Bring Indonesia’s Solar to Singapore – EQ Mag Pro
Renewable energy developer Quantum Power Asia Pte agreed to advance a potential $5 billion plan to export clean electricity to Singapore as the city-state attempts to accelerate its use of renewables. Quantum and Berlin-based partner Ib Vogt GmbH aim to construct a 3.5 gigawatt solar facility and 12 gigawatt-hour battery storage facility across 4,000 hectares […]
Sunseap to develop large-scale solar energy and storage plants in Indonesia’s Riau Islands – EQ Mag Pro
SINGAPORE: Singapore’s Sunseap Group will develop large-scale solar energy and storage plants on Indonesia’s Riau Islands under a memorandum of understanding (MOU) signed with the provincial government on Tuesday. “The MOU covers the availability of 3,000 hectares of land for Sunseap to build solar energy plants and energy storage systems (ESS),” said Sunseap in a […]
Indonesia’s Pertamina Accelerates Energy Transition – EQ Mag Pro
Becoming a Global Energy Company JAKARTA : State-owned PT Pertamina (Persero), an energy company that has been active in the global arena, reaffirmed its commitment as a company that cares about the environment, social aspects and good corporate governance, setting the energy transition program as the company’s top priority. President Director & CEO Nicke Widyawati […]
East Ventures becomes Indonesia’s first venture capital firm to sign UN Principles for Responsible Investment – EQ Mag Pro
JAKARTA, Indonesia : East Ventures, a pioneering and leading sector-agnostic venture capital firm in Indonesia, has officially become a UN Principles for Responsible Investment (UN PRI) signatory as part of its commitment to creating responsible and sustainable investment and ownership decisions. East Ventures becomes Indonesia’s first venture capital firm listed as a signatory; which further […]
The ‘Energy Patriots’ Bringing Electricity to Indonesia’s Remote Villages – EQ Mag Pro
For millions of villagers in Indonesia’s remote areas, a 12-hour-per-day erratic electricity supply is the norm. With students studying by candlelight at night and health centres not running at full capacity, these communities face an uphill struggle to improve their well-being. But a recently launched UN-led initiative could change that, thanks to a group of […]
Renewable Energy Contributes 217 MW to Indonesia’s Electricity Supply – EQ Mag Pro
Jakarta (ANTARA) : The Ministry of Energy and Mineral Resources recorded an increase in electricity production from renewable resources to reach 217 megawatts in the first semester of 2021. “This is a good achievement indeed, but we need to work harder to achieve our next target of securing 23 percent of the primary energy from […]