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View all search resultsThe state-owned electricity firm's power generation subsidiary, PLN IP, has signed an agreement with Bangladesh's Bay Group to explore renewable power development in the country, including opportunities to bid on national solar power projects.
The state asset fund is eyeing a US$30 billion renewable energy project that will export power to Singapore as well as supply the national grid, but licensing and funding issues related to a prior solar farm deal continues to cast a cloud of uncertainty among investors.
Indonesia’s path to a net-zero society is being choked by more than just carbon emissions; it is drowning in a sea of plastic and a lack of local infrastructure. While President Prabowo pivots toward renewables, true sustainability will remain a fantasy until the political will at the top translates into accountability for the polluters on the ground.
As Prabowo spreads his diplomatic wings and travels the world making deals to secure immediate, future and broader energy needs, the real issue at hand is whether the country's energy transition can take flight as part of a comprehensive strategy once he lands back in Jakarta.
Renewables haven't failed; they are surging. But unprecedented demand growth, including for powering data centers and AI, along with infrastructure lags, mineral risks and mounting waste, keep moving the goalposts of the energy transition.
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