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PLN to issue tradable renewable energy certificates to promote clean energy
PLN will issue renewable energy certificates to support the government’s program to promote the use of clean energy in the country in cooperation with Clean Energy Investment Accelerator (CEIA) Indonesia.
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Wind turbines generate power in Sidrap regency of South Sulawesi.
(JP/Andi Hajramurni)
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tate-owned electricity firm PLN will issue renewable energy certificates (REC) to support the government’s program to promote the use of clean energy in the country in cooperation with Clean Energy Investment Accelerator (CEIA) Indonesia.
PLN deputy president director Darmawan Prasodjo said the certificate issuance was part of the company’s efforts to push the country’s clean energy agenda by making more use of renewable sources, such as wind, sun, geothermal power and hydropower.
He said PLN currently had renewable energy plants with a combined capacity of 7,681 megawatt and planned to increase that to more than 15,000 MW by 2028.
“We need to balance [economic] growth with environmental sustainability; the prosperity of this generation must be passed on to future generations,” Darmawan told reporters on Jan. 23, following the signing of a cooperation agreement with CEIA Indonesia on the certificates.
CEIA Indonesia would provide technical assistance to help PLN prepare a generation attribute tracking system (GATS) – a trading platform designed to meet the needs of buyers and sellers in the REC market.
Darmawan said that, with the REC certificate program, local companies could buy RECs from the local market, so they no longer needed to purchase them from abroad. “Local companies can get their RECs from anywhere globally, and, unfortunately, Indonesian companies still import their certificates,” he said.
RECs, also known as green tags or renewable energy credits, are issued to green energy-based power producers as part of the global program to promote the use of clean energy. Power producers will receive an REC certificate for every megawatt hour (MWh) of clean energy they produce and can sell the certificate for profit on the open market.
