IEEFA

Around 60% of the over 8 GW of tenders were awarded in 2023.

In November 2022, the Indonesian government and the multi-government International Partners Group (IPG) announced the US$20 billion Indonesia Just Energy Transition Partnership (JETP). Unprecedented in size and scope, it seeks to mobilise public and private sector funds to retire energy assets with high carbon dioxide (CO2) emissions, and accelerate the adoption of clean technology, whilst providing the country with sustainable economic development. But discussions seem to have become stuck on defining transition priorities.

PV exports may experience stagnation in 2025 and will decline by 2027.

It identified three power plants for early retirement through an Energy Transition Mechanism.

IEFFA said investment should be focused more on other technologies such as solar and wind.

This could only happen once India resolves regulation uncertainties, amongst others.

IEEFA cites demand-side measures to increase clean energy share in its power mix.

IEEFA estimated that acquiring 6.1GW of stranded plants could help meet energy security needs. 

A report found the Macquarie Group invested some $5b in high-growth oil and gas production. 

This comes as more financial institutions commit less funding for fossil fuels.

This comes as the market transitions away from gas. 

Whilst European FIs are leading coal divestments, FIs from Asia are also rapidly increasing. 

The country wants to increase its renewable energy capacity to 40%, IEEFA said. 

The module manufacturing capacity more than doubled to 38GW in March 2023.

Air Products’ withdrawal from planned state-linked facilities highlights cost challenges

IEEFA argues the economic case for CCS in fossil-fired power plants is weak.