Daily News Wrap-Up: World Bank Lends $380M to Indonesian Pumped Hydro Storage Plant

Infratil to establish a renewable energy development platform in Singapore at the cost of $233 million

September 15, 2021


Here are some noteworthy cleantech announcements of the day from around the world:

World Bank has approved a $380 million loan to support the 1,040 MW Upper Cisokan pumped hydro storage near Jakarta and Bandung. Currently, fossil fuels generate over 80% of the power for the Java-Bali grid, providing electricity to 70% of the country’s population. The loan will aid Indonesia’s decarbonization plan –  developing energy storage to integrate renewable energy into the grid. The facility will provide a green and reliable supply of electricity to consumers in Java and Bali.

New Zealand-based investment firm Infratil has committed $233 million to establish Gurīn Energy – a renewable energy development platform headquartered in Singapore, focusing on greenfield renewable projects across Asia. Gurīn Energy will invest in developing wind and solar photovoltaic (PV) projects and storage solutions across Asia, including Southeast Asia, North Asia, and India. Third-party financiers will provide $100 in letters of credit.

Australia-based shipbuilder Incat Crowther launched its hydrogen fuel cell-powered passenger ferry, Sea Change, supported by the California Climate Investments Program. The vessel is equipped with a hydrogen-fuel-cell-power-package provided by Zero Emissions Industries, with 360 kW of Cummins fuel cells and hexagon hydrogen storage tanks with 246 kg capacity. This system is integrated with 100 kWh of a lithium-ion battery provided by XALT and two 300 kW electric propulsion systems provided by BAE Systems.

Industrial automation and information technology company Rockwell Automation India and Habitat for Humanity India have funded solar-powered lighting and fans in 550 low-income homes with no electricity in Uttar Pradesh, Nagaland, West Bengal, Karnataka, and Maharashtra. Rockwell will continue to attend installation events as the project progresses throughout September, with more than 240 units already installed.

A US delegation led by US Special Presidential Envoy for Climate, John Kerry, appreciated India for its energy access drive and commitment to achieve 450 GW of renewable energy by 2030.Special envoy Kerry also proposed that the US is willing to enter into a genuine collaboration with India to realize the 450 GW renewable energy by 2030, which would pave the way to India achieving sub 2°C level, much more than what has been committed under Paris Climate Agreement.

Indian Vice President, M. Venkaiah Naidu, called upon large institutions and public sector organizations to adopt rooftop solar plants in their premises. The VP called for the state, central, and UT governments to work together after inaugurating the 1.5 MW rooftop solar power plant at Jawaharlal Institute of Postgraduate Medical Education and Research (JIPMER) Puducherry. He called for massive campaigns to publicize the subsidy programs for solar rooftop systems, popularize the tapping of solar energy and bring about greater awareness among people on the benefits of installing solar panels on their rooftops and save money on electricity.

Enel Green Power started work in Cabo Negro, Chile, on an industrial-scale green hydrogen pilot plant. The project is helmed by a 3.4 MW wind turbine powering a 1.25 MW electrolyzer to produce green hydrogen from water and manufacture carbon-neutral fuels. The plant is expected to be operational in the second quarter (Q2) of 2022.  The project is located in the Patagonian region, where wind power is durable due to the proximity to Antarctica, aiding wind energy projects with very high-capacity factors.


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