Indonesia Seeks $700 Million Investment for Solar Panel Project to Reduce Carbon Emissions

Credit: American Public Power Association/Unsplash

Indonesian state utility company, Perusahaan Listrik Negara (PLN), has announced its intention to secure a $700 million investment for the installation of a 200-megawatt (MW) system. This initiative aims to replace diesel power generators, ultimately contributing to the reduction of carbon emissions. PLN has set a target to achieve net-zero carbon emissions by 2060 and plans to install a total of 4.68 gigawatts (GW) of panels between 2021 and 2030.

Evy Haryadi, the director of PLN, stated that the 200 MW solar panel project represents the initial phase of a broader plan to replace 1 GW of diesel power plants with solar power. However, specific details regarding the timeline for this initial phase were not provided.

See also: Indonesia and Saudi Arabia Discuss Investment Opportunities in Renewable Energy

In support of 's transition to cleaner energy sources, a coalition of countries has pledged $20 billion in public and private financing through the Just Energy Transition Partnership (JETP). The JETP aims to facilitate Indonesia's shift towards sustainable energy and intends to finalize a comprehensive plan for the allocation of JETP funds by August. PLN's plan to replace diesel power with renewables will serve as a pilot program within the JETP initiative.

By embracing solar energy and reducing reliance on diesel power, Indonesia is taking significant steps towards a more sustainable future. The investment in the 200 MW solar panel project demonstrates the country's commitment to combatting climate change and achieving long-term environmental goals.

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