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California-based New Energy Nexus has announced its Indonesia 1 funds, a plan to invest in renewable energy companies.
New Energy Nexus Indonesia investment director Yeni Tjiunardi said the company aims to help 10 to 15 companies, from seed to stage A, to bridge the investment gap and overcome obstacles to help technology start-ups and companies go to into the market. Shop.
“We promote renewable energy companies and skills to advance Indonesia’s efforts to transition to a low energy economy through project integration and investment,” he said in a statement.
He said the fund will focus on advanced and renewable energy in 10 areas, including energy efficiency and management, energy availability and conservation. , smart grids, Internet of Things and digitalisation.
Together with the IKEA Foundation, the company closed the first investment in the new renewable energy company PTBinaLintas Usaha Ekonomi (BLUE).
BLUE offers solar goods and services through its online marketplace Warung Energi, serving both buyers and sellers.
“With this funding, we intend to strengthen the foundations of our business, focusing on further high growth over the next two years,” said Abu Bakar Abdul Karim Almukmin, CEO of BLUE, adding that the company intends to improve its e-commerce platform. and expand your team.
New Energy Nexus Indonesia is a year-round incubation and acceleration program for new energy companies and enterprises. (eyc) For general inquiries: [email protected] For research inquiries: [email protected] For event inquiries: [email protected] For library inquiries: [email protected] For Indonesian Energy Journal: ije @pycenter. org
Purnomo Yusgantoro is the founder of the Purnomo Yusgantoro Center (PYC). He received his Bachelor of Science in Petroleum Engineering (Ir.) from Institut Teknologi Bandung, Indonesia; Master of Engineering from the Colorado School of Mines, USA; Master of Science, University of Colorado (USA); and a PhD in Mineral Economics from the Colorado School of Mines, USA. Since 2014 Purnomo devotes most of his time, knowledge and skills to studying the energy industry at Institut Teknologi Bandung (ITB). In addition, Purnomo is the co-founder of Universitas Pertahanan (Unhan), Indonesia, where he still teaches energy security. He is a senior advisor to the Executive Office of the President of the Republic of Indonesia.
Purnomo has extensive experience in manufacturing and distribution for Indonesia’s energy and defense industries. He has worked as a consultant for the World Bank and the Asian Development Bank (ADB) in the fields of economics and sustainable development. He served as chairman of the Pertamina commission. Purnomo served as Deputy Governor of the National Defense Services (Lemhannas). Purnomos served three terms – 2000-2009. – was the Minister of Energy and Mineral Resources of the Republic of Indonesia. After that, in 2009-2014 He served as Minister of Finance of the Republic of Indonesia. Internationally, Purnomo served as Governor and Secretary General and President of the Organization of the Petroleum Exporting Countries (OPEC), based in Vienna, Austria. He also served as Chairman of the ASEAN Energy Ministerial Meeting (AMEM). in 2016 it continues its commitment to energy development by establishing PYC. in 2022 September 15 an engineer checks the power of solar panels installed on the roof of the Bogasari Flour Mills factory in Bekasi, West Java Province, Indonesia. / Willy Kurniawan
JAKARTA, September 16th () – Indonesia has introduced a regulation to encourage the use of renewable energy in one of the world’s biggest carbon emitters, with plans to phase out some factories. Coal, says the president’s order.
The world’s largest coal producer aims to increase the proportion of renewable energy sources in its energy mix to 23%, but so far it has only reached around 12%. Currently, coal accounts for around 60% of the country’s electricity needs.
Indonesia set a target of 2060 last year. to achieve zero emissions and has committed with other countries to phase out coal in order to keep global warming below 1.5 degrees Celsius above pre-industrial levels.
Indonesian authorities have been tasked with drawing up a plan for the early retirement of some coal-fired power plants, and the government could help pay for the resulting losses under a law passed this week.
Erick Thohir, the public works minister, told Bloomberg News on Friday that plans to generate 15 gigawatts of coal-fired power over the next three years will need $600 billion in financial support.
The regulation states that no new coal-fired power plants can be built, but planned power plants linked to natural resource infrastructure are allowed to continue as planned.
But emissions from new coal-fired power plants must be cut by 35% over their 10-year run compared to average coal-fired power plants by 2021, the paper says, and can be done by 2050.
In order to encourage investments, the government created a new pricing system for renewable energy sources – geothermal, hydro and solar energy. First, developers have to negotiate a long time with the state utility company to agree on a price.
Prijandaru Effendi, president of the Geothermal Association (INAGA), said that the difference between the regulation and business applications is not the introduction cost, but the cap, but he said that the details are needed.
In order to increase investments in innovation, the Government will also provide financial incentives related to financial institutions and the ease of licensing forest areas.
The United States, Japan and other donor countries will support Indonesia’s efforts with “substantial financial support,” the US Treasury said in a statement after officials visited Jakarta.
The International Energy Agency (IEA) said this month that Indonesia needs to ensure that policies are adjusted to introduce easy and competitive prices and projected pipelines to encourage innovation and reduce dependence on coal. Read more Indonesia is the largest energy consumer among ASEAN member states. With a population of more than 261 million people, the continent’s energy demand is growing rapidly. It currently has a capacity of 57.6 gigawatts (GW). Although dependence on fossil fuels has increased in recent years, Indonesia has begun to supplement its energy mix with renewable energy.
According to the International Renewable Energy Agency (IRENA), Indonesia aims by 2025 to convert 23 percent of all energy into renewable energy, and by 2050 – 31 percent as part of its plans to reduce emissions in line with goals Paris. Fifth Agreement.
The percentage of hybrid energy installed and the percentage of solar energy installed in Indonesia. Source: IRENA
Solar energy is converted into electricity using photovoltaic (PV) or non-thermal technology and concentrated solar power (CSP). PDC uses glasses or lenses to separate solar energy and convert it into heat. The heat is used to generate steam, which drives a turbine to generate electricity.
Solar energy is the main source of renewable energy in Indonesia. IRENA’s Renewable Energy Future Plan (REmap) project identified an installed capacity potential of 47 gigawatts (GW) by 2030. These include plans to use solar energy to power nearly 1.1 million homes. households in remote areas without electricity.
According to IRENA, solar energy by 2030 should be widely used in three ways: utilities, residential and commercial buildings, and off-grid devices. This potential is expected to be used by 2030. through the efforts of the government and Perusahaan Listrik Negara (PLN).
Currently, solar development is limited to approximately 0.08 GWp (80 MWP) of isolated solar PV installations in remote areas, with several large capacity installations of up to 5 MW installed in Kupang, East Noosa. Tenggara,” said Han Phuomin, an energy economist at the Economic Research Institute for ASEAN and East Asia (ERIA), in an email. in a letter to The ASEAN Post.
This is far from what the Indonesian government is hoping for by 2025. to achieve 6,500 MW of solar development.
According to PricewaterhouseCoopers (PwC) Power in Indonesia, Investment and Taxation Guide 2016, solar energy development in Indonesia faces challenges. These problems are linked to a lack of appropriate regulatory support and the need for the main Government, the investor and the coordination of related issues.
“The level of investment in solar energy in Indonesia is limited due to frequent changes in policies that support the development of renewable energy, such as the feed-in tariff (FiT). However, solar energy can be used in the future if the government is implementing support policies. The electrification ratio is faster than waiting for the supply to the grid. Solar power is a serious competitor compared to existing diesel generation,” Han said.
He added: “The development of solar projects is faster when local authorities are involved, for example by providing them for free
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