Latest news with #transisiEnergi
Bloomberg
10-07-2025
- Business
- Bloomberg
Prabowo Says Indonesia Can Hit 100% Renewable Energy by 2035
Indonesia aims to transition entirely to renewable energy by the middle of the coming decade, according to President Prabowo Subianto, well ahead of the country's previously announced goal. 'We are planning to achieve 100% renewable energy within the next ten years,' Prabowo said during a press gathering with Brazilian President Lula da Silva in Brasilia on Wednesday. 'The target, of course, is 2040, but my experts tell me we can achieve this much faster.'
Arab News
05-07-2025
- Business
- Arab News
Indonesia joins hands with Saudi Arabia to achieve energy transition goals
Jakarta: Indonesian state energy firm Pertamina has signed an agreement with Saudi power giant ACWA Power to develop clean energy projects, as the Southeast Asian country seeks to make renewables a third of its total energy mix. Indonesia, one of the world's biggest greenhouse gas emitters, has been working to reduce its reliance on fossil fuels, and aims to increase the share of renewable sources in its energy mix from around 14 percent currently to 34 percent by 2034. A memorandum of understanding between Pertamina and ACWA Power was signed on Wednesday on the sidelines of President Prabowo Subianto's visit to the Kingdom. The agreement covers technology development of up to 500 MW renewable energy and green hydrogen projects. 'Pertamina is fully committed to its dual growth strategy, which is to ensure energy security while also accelerating energy transition. Our collaboration with ACWA Power is a strategic step to realize this vision,' Pertamina CEO Simon Aloysius Mantiri said in a statement. 'By joining forces on renewable energy, green hydrogen, and sustainable infrastructure, we aim to create tangible value for both nations and lead the region's transformation toward a low-carbon economy.' ACWA Power has also signed an agreement with new sovereign wealth fund Danantara Indonesia to explore investment opportunities that will center on renewable energy generation, combined cycle gas turbines, green hydrogen, and water desalination. The total project funding is up to $10 billion, ACWA Power said in a statement. 'These partnerships represent our commitment to support Indonesia in achieving its long-term energy and water security goals, contributing to the development of a sustainable and greener future,' said Raad Al-Saady, vice chairman and managing director of ACWA Power. The Saudi company already has several projects in Indonesia, including development of the Saguling Floating Solar Photovoltaic Project in West Java province, which will have a 92 MW peak capacity. Last year, ACWA Power announced it was collaborating with PLN and Indonesian chemicals company Pupuk Indonesia to develop a green hydrogen project that will produce 150,000 tons of green ammonia annually, with plans for commercial operations to begin in 2026. The latest collaboration came as Prabowo made his first visit to the Kingdom since taking office. The Indonesian president met Saudi Crown Prince Mohammed bin Salman in Jeddah on Wednesday, where the two leaders agreed to strengthen their strategic cooperation. During the visit Saudi Arabia and Indonesia also signed deals worth a total of $27 billion between private sector institutions in fields that include clean energy and petrochemicals.
Arab News
05-06-2025
- Business
- Arab News
Indonesia explores renewable energy cooperation with Oman
JAKARTA: Indonesia is looking to strengthen partnerships with Oman in the renewable energy sector, its Foreign Ministry has said, following talks with the Gulf state's envoy to Jakarta. Indonesia's Foreign Minister Sugiono met with Omani Ambassador Sheikh Mohamed Ahmed Salim Al-Shanfari on Tuesday to discuss ways to deepen ties. During the meeting, they discussed ways to boost trade diversification and 'maximize strategic opportunities, particularly in the renewable energy sector and mining,' Indonesia's Ministry of Foreign Affairs said in a statement. Indonesia has been working to boost its clean energy sector through closer cooperation with countries in the Middle East, including Saudi Arabia and the UAE. Saudi Arabia's ACWA Power has several projects in Indonesia, including the development of the Saguling Floating Solar Photovoltaic Project in West Java province, which will have a 92 megawatt peak capacity. Indonesia has also collaborated with Emirati giant Masdar in developing floating solar power plants in the country. This includes Southeast Asia's largest floating photovoltaic installation — which can power around 50,000 households — in Cirata, West Java that was inaugurated in November 2023 by then-President Joko Widodo. Jakarta is working to increase renewable energy cooperation with other nations because 'energy transition issues will be the determining sectors for humankind in the future,' Indonesia's Foreign Ministry spokesperson Roy Soemirat told Arab News on Thursday. 'Therefore it is imperative for Indonesia to continue opening up possibilities to work with all partners in this area of common concern.' One of the world's biggest greenhouse gas emitters, renewables accounted for around 14 percent of Indonesia's energy mix as of early 2025, with the majority of its power needs met by coal and oil. Though Jakarta previously pledged to achieve a 23 percent share of renewable power in its energy mix by 2025, an updated roadmap issued this week by the Ministry of Energy and Mineral Resources showed that the goal has shifted. The country of 270 million people now aims to achieve a 35 percent share of renewables in its energy mix by 2034. According to a report by the Asia Clean Energy Coalition, meeting its renewable energy targets could boost Indonesia's economic output by up to $1.8 billion and generate more than 136,000 jobs.
