Historic agreement to protect globally important carbon store

The equivalent of three years of global greenhouse gas emissions are stored in the Congo peatlands

Indonesian wind farm secures cash and starts build

A wind farm project in Indonesia has achieved financial close and will soon be built. The 72MW Tolo 1 facility in South Sulawesi is to be developed by Singapore-based firm Equis Energy, with consultancy Mott MacDonald providing construction and operations monitoring services. Once operational, it is expected to produce enough renewable energy to power nearly […]

Green bonds issuance ‘to reach record high in 2018’

Global green bonds issuance is set to grow by around 60% to $250 billion (£181bn) this year. That would far exceed the record $155 billion (£112bn) of green bonds issued last year, according to the latest assessment from Moody’s Investors Services. The sectors that have traditionally played a large role in this market such as […]

Unilever agrees to clamp down on unsustainable palm oil

Unilever has signed a Memorandum of Understanding (MoU) with an Indonesian state-owned palm oil plantation company to help produce the widely-used product more sustainably. The agreement with PT Perkebunan Nusantara (PTPN) will see the companies work to help mills and farmers reduce deforestation, avoid developing on peat areas and stop the exploitation of local people and […]

Indonesia’s new 110MW geothermal plant opens

One of the world’s largest geothermal power plants has started producing power in Indonesia. Technology suppliers Toshiba and Ormat have announced the first unit of the Sarulla power plant, located in North Sumatra, has gone into commercial operation. Operated by Sarulla, the 110MW power plant combines flash and binary technologies to optimise efficiency and re-inject 100% of the used geothermal fluid. Toshiba […]

Indonesian geothermal project gets $109m boost

A geothermal energy generation project in western Indonesia has been given a financing package worth $109 million (£87m). The Muara Laboh project, located in West Sumatra, is expected to generate 80MW of electricity. It will be one of the first transactions to receive funding from the Asian Development Bank’s (ADB) newly-established Leading Asia’s Private Infrastructure […]

Indonesia granted $500m to boost power access

A new programme aimed at helping Indonesia meet its growing power needs has been launched. The World Bank is providing a $500 million (£343.6m) loan to national power utility PT PLN to boost electricity access to 90% in Sumatra Island as well as improve systems to be more efficient and reliable. Around 39 million Indonesians […]

Indonesia gets £600m loan to boost power system

Indonesia has been funded a £600m loan to improve its power system. It will support major power distribution upgrades in Sumatra. These include enhancements to 150kV transmission lines, extensions of substations and the installation of new and upgraded equipment, including switchgears. The Asian Development Bank (ADB) has given the money to the country’s state electricity corporation which will […]

$24m grant to tackle climate change in Papua New Guinea

A $24.25 million (£16m) grant is being provided to help Papua New Guinea (PNG) build resilience to the impacts of climate change. The Asian Development Bank (ADB) aims to raise development planning capacity – allowing the government to scale up investments in climate resilience. It will help integrate climate risk and resilience planning into development […]

Indonesia to cut emissions by 29% by 2030

Indonesia has committed to reducing carbon emissions by 29% by 2030. The Indonesian Government said it could go further with international help and cut its emissions by up to 41% during the same period. To achieve the goal, the country aims to generate at least 23% of its energy from renewables by 2025. Its plan towards tackling […]