US President Joe Biden and Indonesian President Joko Widodo announced a climate finance deal providing $20 billion to help Indonesia pivot away from coal power.
Indonesia’s state wealth fund signed a non-binding agreement to help fund the early retirement of a 660-megawatt coal-fired plant in West Java, the first deal to be made under a newly-set up energy transition fund.
Saudi Arabia-based developer ACWA will build two floating solar PV projects in Indonesia after winning a deal from Indonesia state-owned electricity utility PLN.
Indonesia is setting a three-year deadline for all state-owned companies to use only electric vehicles as part of its goal of reaching net zero emissions by 2060.
Japan's Inpex and joint venture partner Shell have extended a memorandum of understanding (MOU) with Indonesian utility PLN concerning long-term liquefied natural gas (LNG) supply. They have also expanded the MOU to incorporate joint studies in hydrogen, as well as ammonia, and CCS in relation to the proposed Abadi LNG project at the Masela Block offshore Indonesia.
Jadestone Energy is pressing ahead with its Akatara onshore gas field development in Indonesia after receiving government approval.