Indonesia’s State Utility, Perusahaan Listrik Negara, Seeks $700 Million Investment for 200 MW Solar Panel Installation
Perusahaan Listrik Negara (PLN), the state utility of Indonesia, has announced its intention to secure a $700 million investment to deploy a 200-megawatt (MW) solar panel system. This ambitious initiative aims to replace diesel power generators and reduce carbon emissions, aligning with Indonesia’s goal of achieving net zero carbon emissions by 2060. As part of its broader plan, PLN has set a target to install 4.68 gigawatts (GW) of solar panels between 2021 and 2030.
According to PLN’s director, Evy Haryadi, the initial 200 MW solar panel installation represents the first phase of a comprehensive strategy to replace 1 GW of diesel power plants with solar energy. However, specific details regarding the timeline for this initial phase have not been disclosed.
Indonesia has received substantial support from a coalition of countries through the Just Energy Transition Partnership (JETP), which has pledged $20 billion in both public and private financing to assist the country in transitioning to cleaner energy sources. In line with this commitment, Indonesia aims to finalize a comprehensive plan for the allocation of JETP funds by August. It is worth noting that PLN’s transition from diesel power to renewable energy will serve as a pilot program within the JETP initiative.
This progressive move towards renewable energy showcases Indonesia’s dedication to combatting climate change and marks a significant step in the country’s sustainable energy transition. With the implementation of the solar panel project, Indonesia strives to pave the way for a greener and more environmentally friendly future.
