Indonesia planning US$12B battery venture
Indonesian state-owned mining company Mining Industry Indonesia (MIND ID) plans to partner with domestic utility and energy companies on a US$12 billion EV battery project that would leverage the Southeast Asian country’s nickel production.
Papua government follows up on FMG’s hydropower plant investment plan
Papua government’s officials from the Energy and Mineral Resources Office met with representatives of Australia’s Fortescue Metals Group Ltd (FMG) to follow up on an investment plan for the hydropower plant project in Mamberamo Raya.
DOE seeks P2.15-billion budget for 2021
The Department of Energy (DOE) is seeking a P2.15-billion budget for next year, bulk of which will be used to revamp geothermal development.
New Energy Nexus launches first fund for Indonesian renewable energy start-ups
Solar panels (Shutterstock/File) California-based nonprofit organization New Energy Nexus announced on Friday its Indonesia 1 Funds, an initiative to invest in early-stage renewable energy companies.
Blawan Ijen geothermal project in Indonesia secures $28m in working capital funding
PT Medco Power Indonesia has secured working capital funding of around $28 million for its Blawan Ijen geothermal project in Indonesia, a joint project with Ormat Technologies.
ADB offers certified green loan for 257MW solar plant in Vietnam
The Asian Development Bank will provide a certified green loan of $186m to Phu Yen TTP Joint Stock Co (Phu Yen JSC). The money will fund development and operation of a 257MW solar power plant in Hoa Hoi, Phu Yen Province, Vietnam.
Thai power firm B.Grimm plans to invest $1.3 billion in expansion
The company has now secured all it takes to successfully realise the projects which form part of B.Grimm’s plan to build a portfolio of 7,200 MW
Star Energy Geothermal launching green bond issuance of up to $1.11 billion
Indonesian energy company Star Energy Geothermal is to issue two green bonds valued at a total of $1.1 billion to be used for capital expenditures, working capital and other needs related to geothermal operations at the plants of Darajat and Salak in Indonesia.
