Pacific Green Technologies, Inc. (the Company or PGTK, (OTCQB:PGTK)) announces that it has entered into an agreement with Green Power Reserves Limited (GPR), wherein GPR has made an equity investment of GBP13 million (US$16.0 million) for a fifty percent shareholding in Pacific Green Battery Energy Parks 1 Limited (PGBEP).
The proceeds from the investment will be used to provide the equity financing for the construction of the 99.98 MW battery energy storage system (“BESS”) the Company is developing in Kent, England. As part of the investment, Paolo Revelli, Managing Director of GPR, has agreed to join the Board of Directors of PGBEP and its subsidiary, Richborough Energy Park Limited.
Scott Poulter, PGTK’s Chief Executive, commented: “Paolo is a veteran portfolio manager who has been a pioneer in the renewables sector in the UK and Europe. We are delighted to have GPR as partners in developing Richborough Energy Park.”
Paolo commented: “The BESS market in the UK is a rapidly-growing sector in the renewable energy mix, finding a partner capable of delivering projects at grid-scale was critical for us. Having seen Pacific Green’s rapid transition from a single technology supplier in the marine industry to a fully-integrated renewable energy developer, we are confident in Pacific Green’s delivery capabilities.”
Scott added, “We are very pleased to have reached this milestone with Richborough Energy Park, as part of Pacific Green’s 1.1 GW UK-based pipeline. With a grid connection in mid-2023, I anticipate many more updates with project milestones and new energy project announcements over the next weeks and months.”
About Pacific Green Technologies, Inc.
Pacific Green Technologies, Inc. is focused on addressing the world’s need for cleaner and more sustainable energy. The Company offers BESS, Concentrated Solar Power (CSP) and Photovoltaic (PV) energy solutions to complement its marine environmental technologies and emissions control divisions. For more information, visit PGTK’s website: www.pacificgreentechnologies.com
About Green Power Reserves Limited
GPR, which is led by Paolo Revelli, is a special purpose vehicle focusing on battery storage in the UK. Mr. Revelli was formerly a Managing Director at Morgan Stanley and is currently a director of Quainstone Limited.
Notice Regarding Forward-Looking Statements:
This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the construction of the 99.98 MW BESS the Company is to develop in Kent; and any potential business developments in the UK and future interest in the Company’s battery, solar and emissions control technologies.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic and political conditions, the continuation of the investment and the ongoing impact of the COVID-19 pandemic. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in the Company’s annual report on Form 10-K for the most recent fiscal year, the Company’s quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
Scott Poulter, Chairman & CEO
Pacific Green Technologies
T: +1 (302) 601-4659
SOURCE: Pacific Green Technologies, Inc.
Category: Alternative Energy
Electricity Retailer Union Power Named as Partner for Anantara Energy Holdings US$5 Billion Plan to Export Up to 4 TWh of Renewable Energy Annually from Indonesia to Singapore
Singapore’s homegrown electricity retailer Union Power Pte Ltd (Union Power) has been appointed as distribution partner for a proposed US$5 billion project promoted by Anantara Energy Holdings Pte Ltd (Anantara) to generate renewable energy in Indonesia and export up to 4 TWh of it to the city state.
Anantara’s project involves generating up to 3.5 GW of solar photovoltaic (PV) energy from a 4,000-hectare site in the Riau Islands and a battery capable of storing up to 12 GWh – one of the largest in the world – before being connected to Singapore via an undersea cable.
The electricity import is subject to licensing approval from the Energy Market Authority of Singapore which has announced major plans to diversify its energy mix into renewables and reduce its reliance on liquified natural gas, and transition towards carbon neutrality by 2050.
Singapore’s green plans include the importation of clean renewable energy from neighbouring countries.
Union Power, a member of homegrown Union Energy Corporation Pte Ltd (UEC) which has more than 40 years of business history, will be involved in retailing a significant portion of the imported clean energy to its base of 22,000 residential and business customers, leveraging upon the Company’s deep domain knowledge and extensive network in Singapore.
The partnership is part of Union Power’s strategies to diversify towards solar and renewable energy, as the Company seeks to transform its business to support Singapore’s green plans. Through its solar arm Union Solar, Union Power installs, operates and finances solar PV systems on the rooftops of commercial buildings, allowing customers in Singapore to enjoy competitive solar energy tariffs compared to conventional retailer tariffs. To date, Union Solar has been building a pipeline of 11 commercial & industrial projects, and expects demand to grow in the months ahead.
Other efforts include building infrastructure for Electric Vehicle charging, as well as a partnership with a Dutch company to distribute a flexible light-weight solar foil which can be wrapped around structures, eliminating the need for supporting frames and structures and providing greater versatility of locations to harness solar power.
The agreement between Anantara and UEC, along with the formal joint-development agreement for the Anantara partnership and Anantara’s Memorandum of Understanding with Riau Islands Province, were signed on 19 April in the Indonesian embassy in Singapore in the presence of Ambassador His Excellency Mr Suryo Pratomo and the Governor of Riau Islands Province Mr Ansar Ahmad.
Singapore-registered Anantara is a joint venture between German solar energy turnkey solutions provider, ib vogt, and Quantum Power Asia, the developer of Indonesia’s first utility-scale solar PV plant.
Union Power’s Executive Director Ms. Ellen Teo said, “It is a great honour for Union Power to be part of this prestigious project. We remain committed to the Singapore Government’s vision for a greener energy market, and believe our intimate knowledge of the issues faced by Singapore consumers will add significant value to the project. This partnership will be one of the most significant that we have undertaken, and will no doubt lead to even more opportunities in the near future. We accept this with deep honour and heartfelt commitment.”
Simon G. Bell, Managing Director and CEO, Quantum Power Asia said, “Partnering with Union Power is a foundational strategy for ensuring strong execution capability in Singapore that will lead to Anatantara delivering excellence in making available clean electricity in the Singapore market. Along with ib vogt, we look forward to a long-term relationship with the Union Power team.”
David Ludwig, Director Asia Pacific, ib vogt, said, “We are very enthusiastic about the partnership, which combines the strengths of Union and Quantum, for the Singapore import tender. Each consortium member is a leader in their respective fields and together we are able to provide a very competitive and compelling offer to substantially contribute to Singapore’s decarbonisation efforts as well as the economic development of the Riau Islands.”
About Union Power
Union Power Pte Ltd is a leading digital energy retailer, licensed by Singapore’s Energy Market Authority. The Company is a subsidiary of Union Energy Corporation – the largest bottled-gas supplier in Singapore, which has over 40 years of operating track record in the business of retailing LPG, Natural Gas, Diesel and Electricity in the Commercial, Industrial and Residential markets.
Founded in 2017, Union Power launched Union Solar in September 2020, in line with its push towards sustainable solutions through solar energy power generation. For more information, please visit: https://unionpower.com.sg/
Media & Investor Contact Information
WeR1 Consultants Pte Ltd
Isaac Tang, unionpower@wer1.net, M: +65 9748 0688
B20 ESC Task Force continues to design constructive energy policies
The B20 ESC (Energy, Sustainability & Climate) Task Force held the 3rd ESC Task Force Online Meeting on Tuesday to discuss Policy Action that will be recommended at the upcoming G20, as noted in a release issued by PT Pertamina on Friday. The B20, or Business 20, is a G20 outreach group that represents the international business community.
The B20 ESG Task Force, led by Pertamina, the largest Energy SOE (State-Owned Enterprise) in Indonesia, and Pertamina President Director & CEO Nicke Widyawati, the ESC Task Force Chair, continues to update policy design and policy action, calling for efforts to maintain energy, sustainability and climate change mitigation.
The ESC Task Force Online Meeting was attended by around 140 participants including ESC Task Force Deputy Chair, Agung Wicaksono, ESC Task Force Policy Manager, Oki Muraza, 8 ESC Task Force Co-Chairs, as well as members from 19 industries and 25 countries.
Widyawati invited members of the Task Force to discuss policy design and to explore actionable policy initiatives. “To date, we have received more than 300 comments and inputs that are very constructive and helpful for us to drafting policy. Through the active involvement of all participants, I am confident that this task force will provide relevant and actionable policy recommendations to the G20 leaders.”.
She said that the meeting had gathered recommendations from the B20 Secretariat which would later be added to several new policy actions to be discussed in more depth to suit the focus and collective needs that represent the interests of the G20 Community as a whole.
“Let’s work together to create and deliver the legacy of Indonesia’s G20 presidency this year, both through policies and a series of side events on the real action of the task force, so that we can be fruitful and give the best to the G20,” said Widyawati.
Widyawati also expressed hope that the main objective of the ESC Task Force, ensuring an inclusive process in developing policy recommendations and actions, will be achieved through meetings and discussions.
Task Force Policy Manager Oki Muraza explained that there are currently 12 main policy action inputs, from 14 policy actions discussed in the previous call meeting.
Task Force Deputy Chair Agung Wicaksono explained that the Task Force was striving to develop partnerships and collaborations, develop technology to carry out capacity building in various countries, and increase values to attract investment and financing access.
“To achieve these goals, we invite the realization of a corporate agreement and pilot project in the country, and we targeted to have it completed in September or October 2022,” he said.
The B20 Secretariat offered green energy transition recommendations toward the G20 high-level meeting in Bali in November 2022. The recommendations included accelerating the transition to sustainable energy use, ensuring an adjustable and affordable transition, and welcoming global cooperation on enhancing energy security.
Contact: Fajriyah Usman, VP Corporate Communications, PT Pertamina (Persero)
M: +62 858 8330 8686, Email: fajriyah.usman@pertamina.com, URL: https://www.pertamina.com
Written by: Yuni Arisandy Sinaga, Editor: Sri Haryati (c) ANTARA 2022
Alpina Achieved a Record Set of Results for FY2021; Revenue Increased by 36.8% to S$51.89 Million with Net Profit Surging by 84.0% to S$9.28 Million
Alpina Holdings Limited (the “Company”, and together with its subsidiaries, the “Group”), an established Singapore-based specialist in providing integrated building services (“IBS”), mechanical and electrical (“M&E”) engineering services, and alteration and addition (“A&A”) works to public and private sector projects, is pleased to announce that it has achieved a record set of results for the financial year ended 31 December 2021 (“FY2021”).
With predominantly public sector customers such as government ministries and statutory boards as well as public education institutions, the key contract highlights of the Group’s business segments are as follows:
> IBS – With specified contract period that generally ranges from 1 to 4 years, and in certain instances, up to 6 years.
> M&E – Rendered on specific project basis
> A&A – Term contracts with a fixed contract period ranging from 2 to 4 years
Revenue growth of 36.8% with strong performance from IBS and M&E business segments: With business operations normalising in FY2021 as the Singapore authorities embarked on a three-phased approach to resume activities safely after 1 June 2020, the Group’s IBS business segment contributed revenue of S$35.77 million, representing a growth of 21.5% in FY2021 as compared to FY2020. In addition, revenue from the Group’s M&E business segment increased substantially by 189.5% to S$12.57 million in FY2021 as there was significant work progress for four of its M&E projects in FY2021.
Despite lower grants received from the Singapore Government to cope with the COVID-19 pandemic in the second half of FY2021, the Group’s gross profits in FY2021 increased by 18.0% to S$12.87 million, as compared to S$10.91 million in FY2020, as M&E and IBS projects achieved significant work progress in FY2021.
The Group’s other income increased by S$3.0 million to S$3.4 million in FY2021 mainly due to a gain on the disposal of a property located at 32 Woodlands Industrial Park E1 (“32 Woodlands Property”). The Group’s administrative expenses rose by 30.2% to S$5.03 million in FY2021 mainly due to expenses incurred in connection with the Company’s listing on the SGX-ST.
Overall, the Group’s net profit attributable to shareholders of the Company surged 84.0% to S$9.28 million in FY2021 as compared to FY2020.
Net increase in cash and cash equivalents as at 31 December 2021: Operationally, the Group generated a substantial increase in net cash generated from operating activities of S$4.66 million in FY2021 as compared to S$1.81 million in FY2020.
The Group generated net cash generated from investing activities of S$3.47 million in FY2021, which was mainly due to proceeds from the disposal of the 32 Woodlands Property and the warehouse at 61 Woodlands Industrial Park E9, partially offset by the capitalisation of construction costs of the Group’s new office premises at 54 Senoko Road, Woodlands East Industrial Estate.
While the Group used net cash of S$7.47 million in financing activities during FY2021, the Group registered a net increase in cash and cash equivalents of S$0.66 million to S$2.26 million as at 31 December 2021, from a net cash balance of S$1.60 million as at 31 December 2020.
Strengthened balance sheet as at 31 December 2021: The Group’s total assets increased marginally to S$35.16 million as at 31 December 2021, with current assets of S$24.70 million and non-current assets of S$10.46 million. Major components of current assets were contract assets of S$14.57 million, trade and other receivables of S$7.01 million and cash and cash equivalents of S$2.26 million, while non-current assets comprise mainly of property, plant and equipment of S$9.74 million.
As at 31 December 2021, the Group’s total equity increased to S$17.98 million and there were reductions in current liabilities and non-current liabilities, which stood at S$12.75 million and S$4.43 million respectively. Major components of current liabilities were trade and other payables of S$8.31 million and borrowings of S$3.41 million, while non-current liabilities comprise mainly of borrowings of S$3.60 million.
Commenting on the Group’s FY2021 results, Alpina’s Executive Chairman and Chief Executive Officer, Mr. Low Siong Yong, said, “It has been a phenomenal year and the record performance was made possible by our continued focus on operational excellence and diligent cost management.
Our organic revenue growth in FY2021 was strong and it showcases the resilience of our value creation business model that focuses on public sector projects in Singapore.
With an established track record of strong execution and delivering on our commitments, we aim to build on this momentum to capitalise on the growth opportunities ahead of us.”
Mr. Low added, “With our successful listing in January 2022, we achieved another key milestone in our strategic roadmap. Moving ahead, we aim to expand our capabilities to offer differentiated offerings to strengthen our business model and develop new revenue streams.”
Awarded the Sixth Solar Leasing Tender under the SolarNova Programme by HDB: The Company recently announced that its wholly-owned subsidiary, Digo Corporation Pte. Ltd. (“Digo Corporation”), and a joint venture partner have been jointly awarded the sixth solar leasing tender under the SolarNova programme (the “Project”) by the Housing & Development Board (“HDB”). The Project, with a solar capacity of 70 megawatt-peak (“MWp”), aggregates public sector demand for the installation of solar panels across 1,198 HDB blocks and 57 government sites. The Project also includes the requirement to install smart electrical sub-meters at HDB blocks to monitor and analyse energy consumption patterns and the performance of common services at each HDB block. Installation of the solar photovoltaic panels is expected to begin in the 3rd quarter of 2022 and complete by the 1st quarter of 2025.
About Alpina Holdings Limited
(SGX Stock Code:ZXY / Bloomberg Code: ALPINA:Singapore)
Alpina Holdings Limited has a long operating history of over 17 years, specialising in IBS, M&E engineering services and A&A works for both public and private sector projects.
The Group’s projects are all located in Singapore with predominantly public sector customers such as government ministries and statutory boards as well as public education institutions.
The Group currently holds 15 Workhead registrations and 2 builder licences with the BCA. Among these, it has attained the highest grading of L6 for its registration under the ME15 (Integrated Building Services) and ME05 (Electrical Engineering) Workheads, which allow the Group to undertake projects in the public sector with no tendering limits and no project value limits under the respective Workheads.
Issued for and on behalf of Alpina Holdings Limited
Media & Investor Contacts:
Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com
Alpina Awarded the Sixth Solar Leasing Tender under the SolarNova Programme by HDB
Alpina Holdings Limited (the “Company”, and together with its subsidiaries, the “Group”), an established Singapore-based specialist in providing integrated building services (“IBS”), mechanical and electrical (“M&E”) engineering services, and alteration and addition (“A&A”) works to public and private sector projects, is pleased to announce that its wholly-owned subsidiary, Digo Corporation Pte. Ltd. (“Digo Corporation”), and Terrenus Energy Pte Ltd (“Terrenus Energy”), have been jointly awarded the sixth solar leasing tender under the SolarNova programme (the “Project”) by the Housing & Development Board (“HDB”). Terrenus Energy is a renewable energy systems developer and solutions provider based in Singapore.
The Project, with a solar capacity of 70 megawatt-peak (“MWp”), aggregates public sector demand for the installation of solar panels across 1,198 HDB blocks and 57 government sites. The Project also includes the requirement to install smart electrical sub-meters at HDB blocks to monitor and analyse energy consumption patterns and the performance of common services at each HDB block. Installation of the solar photovoltaic panels is expected to begin in the 3rd quarter of 2022 and complete by the 1st quarter of 2025.
Following the award of the Project, Digo Corporation and Terrenus Energy will, inter alia, enter into a joint venture agreement (“JVA”) in relation to be setting up a joint venture company to be incorporated to undertake the Project. As at the date of this press release, the negotiations between Digo Corporation and Terrenus Energy on the JVA are at a preliminary stage.
The Group holds 15 Workhead registrations and 2 builder licences with the Building and Construction Authority (“BCA”). Among these, the Group holds a ME03 (Solar PV system integration) Workhead registration, which allows the Group to undertake installation, testing, commissioning, maintenance and repair of ground/ building-mounted grid-connected solar PV systems for electricity generation.
The Company’s Executive Chairman and Chief Executive Officer, Mr. Low Siong Yong, said, “Solar energy is the most promising renewable energy source for electricity generation in Singapore, and it serves as an important part of Singapore’s efforts to decarbonise its energy usage.
Securing this solar leasing tender is a significant milestone for us and together with our joint venture partner, we are pleased to contribute meaningfully to the acceleration of the renewable energy market in Singapore.
Building on this momentum, our Group is well positioned to be an enabler for green energy and moving ahead, we aim to develop new capabilities and value propositions within the renewable energy value chain.”
This press release is to be read in conjunction with the Company’s SGXNet announcement dated 23 March 2022, which can be downloaded via www.sgx.com.
About Alpina Holdings Limited
(SGX Stock Code:ZXY / Bloomberg Code: ALPINA:Singapore)
Alpina Holdings Limited has a long operating history of over 17 years, specialising in IBS, M&E engineering services and A&A works for both public and private sector projects.
The Group’s projects are all located in Singapore with predominantly public sector customers such as government ministries and statutory boards as well as public education institutions.
The Group currently holds 15 Workhead registrations and 2 builder licences with the BCA. Among these, it has attained the highest grading of L6 for its registration under the ME15 (Integrated Building Services) and ME05 (Electrical Engineering) Workheads, which allow the Group to undertake projects in the public sector with no tendering limits and no project value limits under the respective Workheads.
Issued for and on behalf of Alpina Holdings Limited
Media & Investor Contacts:
Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com
Attend the Best Wind Power Online Workshop
Infocus International Group, a global business intelligence provider of strategic information and professional services, has announced the new dates for Mastering Wind Power training and it will be commencing live on the 7th of June 2022. A comprehensive, up-to-date and business-focused roadmap to success in delivering wind power growth, today and tomorrow.
Attendees will gain an excellent understanding of all the key factors facing wind power developers and investors, from resource assessment and energy production complexities, through technology trends, project development and planning challenges, to financial returns and risks.
The course will include the illustration of key concepts using online tools, wind resource datasets, energy yield, financial and other simple calculations, along with discussion of key planning and market environment considerations.
In keeping with the business-focused theme of the course, any illustrative materials are designed to provide time-efficient clarification of the key course takeaways, aimed at commercially-focused business developers and investors. They are therefore accessible to non-experts, not designed to replicate the complex or in-depth detailed planning undertaken – over much longer periods! – by experienced engineers and technical teams.
Past participant from Statkraft Development AS shared, “This was one of my best spent weeks on training all year! A good and efficient way of getting an overview of the renewable energy sector. I found him very knowledgeable and enthusiastic in presenting the material, also enabling knowledge exchange between participants in the group. I really enjoyed his interesting lessons and the group work he provided for additional learning outcomes. Thanks.”
Course Sessions
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Among the key points to be addressed
– Learn from global experiences in wind power project development
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About Infocus International Group
Infocus International is a global business intelligence provider of strategic information and professional services for diverse business communities.
Infocus International recognises clients’ needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights.
Emilia Mok
Tel: +65 6325 0210
Email: emilia@infocusevent.com
Website: www.infocusinternational.com
B20 Task Force Provides Policy Recommendations on Energy Transition
The B20 Energy, Sustainability & Climate Task Force, led by state-owned oil giant PT Pertamina (Persero), has provided policy recommendations and actions for sustainable energy transition. The statement was delivered by Chair of B20 Energy, Sustainability, and Climate Task Force Nicke Widyawati during the 3rd stakeholder consultation task force energy, sustainability and climate sustainable finance held virtually on Friday (18/3).
The Business 20, or B20, is an outreach group from the G20 that represents the international business community. “So as part of engaging group in the G20, the B20 Energy, Sustainability & Climate Task Force will provide policy recommendations and actions for sustainable energy transition with three focus on part of priority issue that trigger to the outline of President Joko Widodo’s directive,” Widyawati, concurrently the president director and CEO of PT Pertamina, stated.
In accordance with the directive President Joko Widodo had delivered at the G20 Summit last year, the G20 must become the curtains for bringing recovery and going hand in hand with the principles of energy security, energy equity, and environmental sustainability, she said. To this end, there were three focus areas.
First, accelerating the transition to sustainable energy use by enhancing global cooperation to accelerate the transition to sustainable energy use by reducing carbon intensity of energy use.
Second, ensuring a just, orderly and affordable transition by enhancing global cooperation to assure sustainable energy use across developed and developing countries, she said.
Third, enhancing global cooperation on increasing consumer level energy security by improving access to energy and ability to consume clean and modern energy.
The task force is aware of the importance of ratification of renewable energy based generation and energy efficiency as the main pillars of the energy transition and investment in technology and energy sector. The B20 Energy, Sustainability & Climate Task Force becomes a very valuable source for a range of perspectives, she said.
She stated that rising greenhouse concentration in the atmosphere is causing global warming leading to climate change, ocean acidification and biodiversity losses. “The largest contribution to greenhouse gas emission comes from the energy sector which makes the transition to sustainable energy use becomes the most critical challenges of our time,” Widyawati said.
The Intergovernmental Panel on Climate Change (IPCC) estimates and indicates that the global average temperature last approximately 1.1 degrees Celcius above the industrial level. The consensus limit to avoid catastrophe climate change is being limited to a maximum of 1.5 degrees Celcius, she said.
“So there is a limitation period that we have to take drastic action to accelerate net-zero emission and to curb greenhouse gas emission,” she said, adding that the carbon emission contribution from energy is in the range of 20 percent up to 36 percent compared to the deforestation which is in the range of 44 percent up to 62 percent, she said.
However, Widyawati emphasized, this cannot be an excuse for industry players especially in energy sector to not take part in reducing greenhouse gas emission. She said that global cooperation for government capacity enhancement institutionally formed market development, sharing of technology, and financing.
“In our policy recommendations, several parties involved in the energy, sustainable and climate task force G20 include co-chair from g20 business actors as well as more than 140 members that provide inputs in the directions of the policy recommendations and issue priority. The most important thing is aligned with stakeholders so the proposed policy recommendations and actions from our task force will be aligned with the directions of Indonesia’s policy in G20,” Widyawati said.
She said that the stakeholder consultation event aims to obtain inputs from the stakeholders especially regarding sustainable finance. The policy recommendations represented the views of business actors and finance sector institutions, she stated.
Meanwhile, B20 Indonesia Sherpa Rizal Affandi Lukman said that the continuous task force discussion was definitely important to collect relevant information, ideas and insights from a wide range of relevant stakeholders.
“We all have priority topics to be the basis of our works. However, without inputs from people who know exactly the trends of potential challenges on the ground as well as from different angels and perspectives, the recommendations will be just nice to read on the paper,” Lukman said.
The issues on energy, sustainability and climate are very relevant to many parties this day. B20 Indonesia is keen to hear the stakeholders’ concerns, feedbacks on numerous issues such as decarbonization, climate investment and financing carbon market ecosystem, and how sustainability project are reported and accounted, Lukman said.
This is a good example of inclusive and collaborative policy formulations, he added.
Contact: Fajriyah Usman, VP Corporate Communications, PT Pertamina (Persero)
Email: fajriyah.usman@pertamina.com, URL: https://www.pertamina.comn
Written by: Azis Kurmala, Editor: Rahmad Nasution (c) ANTARA 2022
The Best Rated Solar Power Online Training is Now Open for Registration
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Throughout the 5 sessions, attendees will gain a good understanding of the key factors from an integrated, multidisciplinary and commercial viewpoint, including: target market analysis, economic competitiveness, channels-to-market, financing influences and risk, project development processes, best practices and emerging technologies.
This programme schedule includes illustrations of key project development considerations, including energy yield, financial and other simple calculations, along with the chance to discuss key planning and market environment considerations.
In keeping with the business-focused theme of the course, these illustrative exercises are designed to provide time-efficient clarification of the key course takeaways, aimed at commercially-focused business developers and investors. They are therefore accessible to non-experts, not designed to replicate the complex or in-depth detailed planning undertaken – over much longer periods!
Past attendee from Credit Agricole CIB commented, “Excellent overview of renewables in the context of overall energy mix, and also details on specific renewable markets and technologies. Highly accomplished trainer with a broad knowledge and the right mix between slides and exercises.”
Course Sessions
1. What makes a solar power plant?
2. Solar resource assessment and project design
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5. The economics and financing of solar power projects
Benefits of Attending
– Speak the language of solar energy: terminology and concepts
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Want to learn more?
Simply email to emilia@infocusinternational.com or call +65 6325 0210 to obtain your FREE COPY of event brochure. For more information, please visit https://www.infocusinternational.com/solar-online .
About Infocus International Group
Infocus International is a global business intelligence provider of strategic information and professional services for diverse business communities.
Infocus International recognises clients’ needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights.
Emilia Mok
Tel: +65 6325 0210
Email: emilia@infocusevent.com
Website: www.infocusinternational.com
Pertamina Prioritizes Comprehensive Energy Transition to Reduce Emissions
State-run oil and gas corporation PT Pertamina (Persero) has set a more comprehensive energy transition as the company’s priority program by increasing the energy mix to reduce greenhouse gas emissions. “Pertamina is committed to becoming an environmentally friendly and socially responsible company, which upholds good corporate governance,” President Director Nicke Widyawati noted in a statement on Monday.
According to the statement, the company has played an important role in leading the green transition in Indonesia’s energy industry and targets a 30-percent reduction in emissions by 2030. It will prioritize the development of new and renewable energy to overcome environmental problems and support the realization of Indonesia’s energy mix in 2030.
Pertamina supports the Indonesian 2022 G20 Presidency which has chosen energy transition as one of the agendas of the inter-governmental forum. As a member of the G20’s Business 20 (B20) Task Force on Energy, Sustainability, and Climate, Pertamina will strive to become a catalyst for green policy in accordance with the principles of energy security, energy equity, and environmental sustainability.
Nicke remarked that Pertamina implemented 8 strategic initiatives to develop environmentally friendly and sustainable energy. The initiatives include establishing green refineries, developing bioenergy, commercializing hydrogen, increasing gasification, initiating battery and integrated energy storage ecosystems, as well as increasing the capacity of installed geothermal power plant.
“We believe that Indonesia’s abundant geothermal resources can become a strong backbone in expediting the energy transition program in line with the government’s goal of achieving net zero emissions in 2060,” Widyawati added.
Contact: Fajriyah Usman, VP Corporate Communications, PT Pertamina (Persero)
Email: fajriyah.usman@pertamina.com, URL: https://www.pertamina.com
Written by: Sugiharto Purnama, Uyu Liman; Editor: Fardah Assegaf (c) ANTARA 2022
Infocus International Announces the New Dates for Renewable Energy Power Purchase Agreements Online Course
Back by popular demand, Infocus International Group has announced the new dates for the Renewable Energy Power Purchase Agreements (RE PPAs) online workshop that will be commencing live on the 7th of June 2022.
Unlike past fossil-fuel based Independent Power Project (IPP) models that featured standardized take-or-pay contracts – today’s renewable energy markets demand more innovative incentives to attract RE supply, conform to RE generation availability, ensure power system reliability, as well as more attractive and sustainable mixtures of fuel sources. This interactive 5-session workshop will provide clear explanations of the new models of RE PPAs risk allocation, of ensuring project bankability, of allowing RE generators to compete in energy markets and power pools.
The practical models for RE investment credit enhancements will be demonstrated through a series of real case examples of RE PPA contracts, renewable project finance transactions, and competitive energy markets. Case Studies will include real examples from Southeast Asia, South Asia, the Middle East, Europe, and North America.
Furthermore, this online workshop features a dynamic combination of experiential exercises and practical case studies to reinforce the ability of participants to actually apply RE PPA analysis, structuring, and negotiation techniques to real transactions.
Experiential exercises will place participants into the practical roles of key management decision-makers who not only need to analyse and understand RE PPAs investment proposals, but who have to negotiate practical RE PPA terms & clauses and to make real-world decisions on transactions. As a result of actively engaging in this workshop’s interactive methodology, participants will be able to make practical decisions on renewable power transactions for participant’s organization following the workshop’s completion.
Past participant from European Bank for Reconstruction and Development shared, “A well delivered course and trainer with deep experience. Particularly valuable sessions included the group work negotiating a PPA.”
“The course was very detailed and the presenter has a wealth of experience allowing him to give us very relevant eye-opening examples and case studies,” said a past participant from ZESA Holdings.
Join us now and learn the practical models and techniques for analysing & structuring, drafting, and negotiating Renewable Energy PPAs for bankable green investments in today’s competitive energy markets.
Why Attend
– Best practices from international case studies of successful RE PPAs to avoid common pitfalls
– Direct the legal design of RE PPAs based on your own company’s risk profile and corporate goals
– Lead strategies for the design and regulation of new competitive electricity markets to attract renewable private power investments
– Develop clear incentives for bankable private investments in renewable energy generation
– Environmental, social & governance (ESG) impact mitigation techniques to ensure sustainability
– Manage successful renewable power project finance transactions
Want to learn more?
Simply email emilia@infocusevent.com or call +65 6325 0210 to obtain your FREE COPY of the event brochure. For more information, please visit www.infocusinternational.com/pparenewable.
About Infocus International Group
Infocus International is a global business intelligence provider of strategic information and professional services for diverse business communities.
Infocus International recognises clients’ needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights.
Emilia Mok
Tel: +65 6325 0210
Email: emilia@infocusevent.com
Website: www.infocusinternational.com