Talkshow with Enda Ginting, Gurin Energy, Indonesia Country Manager

Summary

In an interview with Mr. Anda Ginting, Country Manager of Indonesia at Green Energy, the discussion focused on Southeast Asia's renewable energy ambitions, with a goal of 23% renewable energy in the primary energy supply and 35% installed capacity by 2025. Indonesia specifically aims to increase its renewable share to 17-19% by 2025. Key challenges include securing funding for energy transition while balancing economic and social needs. The conversation highlighted opportunities in renewable energy abundance, the region's economic growth, and the importance of Blended Finance and private sector involvement. Mr. Ginting emphasized Green Energy's commitment to sustainable projects, aligning with government initiatives, and the significance of ESG principles in project implementation.

Takeaways

• 🌐 Southeast Asia is targeting a 23% renewable energy share in its primary energy supply and 35% installed capacity by 2025.
• 🇮🇩 Indonesia specifically aims to increase the share of renewables in its primary energy mix to 17-19% by 2025.
• 💸 Securing funding remains a significant challenge in accelerating Indonesia's energy transition.
• 📈 The region's economic growth, estimated at 5-6%, presents an opportunity for renewable energy investment.
• 🌟 Indonesia's abundant renewable energy resources, including hydropower, geothermal, solar, and wind, are highlighted as attractive for investors.
• 🏗️ The government's commitment to energy transition by a specific timeline is seen as a catalyst for private sector involvement.
• 🌿 Sustainable finance is increasingly important, with governments in the region, including Indonesia and the Philippines, promoting sustainability metrics.
• 💼 The private sector's role in blended finance is crucial for reducing the cost of capital and ensuring project viability.
• 🔌 Green Corridor Indonesia is a significant project aiming to enable the trading of green electrons between Indonesia and Singapore.
• 🌱 Green Energy's commitment to ESG principles is central to its operations, ensuring minimal social and environmental impact in project locations.

Q & A

What is the target for renewable energy in Southeast Asia's primary energy supply by 2025?

Southeast Asia aims to achieve 23% renewable energy in its primary energy supply by 2025.

What is Indonesia's goal for the share of renewables in its primary energy mix by 2025?

Indonesia aspires to increase the share of renewables in its primary energy mix to between 17% to 19% by 2025.

What are the key opportunities Mr. Anda Ginting sees for Indonesia's energy transition?

Mr. Anda Ginting sees opportunities in Indonesia's impressive economic growth, abundance of renewable energy resources, and the government's commitment to energy transition.

How does Mr. Anda Ginting view the challenges and opportunities for energy transition in Southeast Asia?

Mr. Anda Ginting views the challenges and opportunities in Southeast Asia's energy transition as being tied to the region's projected growth rates and the political and technocratic commitments of the countries to transition, along with the abundance of renewable energy resources.

What is the role of Blended Finance in Indonesia's energy transition according to Mr. Anda Ginting?

Mr. Anda Ginting believes that Blended Finance is necessary to reduce the cost of capital, but also emphasizes the importance of commercial banks' involvement and the need for viable projects that align with the country's transition goals.

How does Mr. Anda Ginting describe the sustainable finance landscape in Indonesia compared to other countries?

While Mr. Anda Ginting does not directly compare Indonesia to other countries, he notes an increase in sustainable finance in Indonesia, with the government building metrics on sustainability and a focus on sustainable projects.

What is Green Energy's goal in terms of renewable energy for Asia?

Green Energy's goal is to move Asia to 100% renewable energy, supporting the region's growth and demand for power.

Can you explain the Green Corridor Indonesia project mentioned in the script?

The Green Corridor Indonesia project is an agreement between Indonesia and Singapore to enable the trading of green electrons, aiming to support both countries' transitions to renewable energy.

How does Green Energy ensure that its projects do not harm social, ecological, and local economic aspects?

Green Energy ensures that its projects do not harm social, ecological, and local economic aspects by consulting with local communities, conducting environmental impact assessments, and setting up mitigation measures.

What challenges does Green Energy face when implementing ESG principles in its projects?

Green Energy faces challenges in mapping and identifying baseline conditions, conducting thorough consultations, and ensuring that projects comply with ESG requirements while blending in with the society, communities, and environment.

What does Mr. Anda Ginting consider the most crucial key to accelerating the transition to renewable energy?

Mr. Anda Ginting considers the ability to make a just transition, with careful consideration, stability, and smoothness, as the most crucial key to accelerating the transition to renewable energy.