{"id":76214,"date":"2023-02-27T02:00:24","date_gmt":"2023-02-27T02:00:24","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/02\/27\/masdar-acquires-a-stake-in-indonesian-geothermal-firm-pertamina\/"},"modified":"2023-02-27T02:00:24","modified_gmt":"2023-02-27T02:00:24","slug":"masdar-acquires-a-stake-in-indonesian-geothermal-firm-pertamina","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/02\/27\/masdar-acquires-a-stake-in-indonesian-geothermal-firm-pertamina\/","title":{"rendered":"Masdar acquires a stake in Indonesian geothermal firm Pertamina"},"content":{"rendered":"

<\/a> Masdar makes an entry into geothermal energy:<\/strong> Emirati renewables giant Masdar has acquired shares in the geothermal unit of Indonesia\u2019s state-owned energy firm Pertamina, according to a company statement<\/a>. The value and size of the stake were not disclosed.<\/p>\n

About Pertamina Geothermal:<\/strong> The state-owned energy company is one of the world\u2019s largest producers of geothermal energy. It currently owns nearly 82% of Indonesia's<\/a> installed geothermal energy capacity, and manages 13 geothermal energy projects which generate 1.87 GW of electricity, according to its website<\/a>.<\/p>\n

Targets:<\/strong> Pertamina wants to generate an additional 600 MW of geothermal power by 2028 in line with the country\u2019s target to source 23% of their energy needs from renewables by 2025, according to the statement. Indonesia is expected to increase geothermal production volume to 3.4 GW in 2023, up from 2.8 GW in 2022, according to Pertamina<\/a> estimates.<\/p>\n

This is not Masdar\u2019s first entry into Indonesia\u2019s renewables sector:<\/strong> Masdar signed a power purchase agreement with the country\u2019s electricity company, Perusahaan Listrik Negara, for a 145 MW Cirata floating solar power plant<\/a> in 2020. More recently, it signed an agreement last year to co-develop solar energy projects worth 1.2 GW<\/a> with Tuas Power, EDF Renewables, and PT Indonesia Power with an eye on exporting the energy to Singapore.<\/p>\n

The company just opened an office in the country:<\/strong> Masdar opened an office<\/a> in the Indonesian capital last week as it continues to expand its presence in the region.<\/p>\n","protected":false},"excerpt":{"rendered":"

Masdar makes an entry into geothermal energy: Emirati renewables giant Masdar has acquired shares in the geothermal unit of Indonesia\u2019s state-owned energy firm Pertamina, according to a company statement. The value and size of the stake were not disclosed. About Pertamina Geothermal: The state-owned energy company is one of the world\u2019s largest producers of geothermal […]<\/p>\n","protected":false},"author":1,"featured_media":76215,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2016],"tags":[11,957,295,79,88,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterpriseclimate","tag-geothermal-energy","tag-indonesia","tag-ma-watch","tag-renewables","tag-uae","wpautop","entry"],"acf":{"mongo_id":"c0e6a33d-90d1-43dd-93ef-aa4e29a5d598","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/8\/123.jpg","photo_position":"above","related_issue":[76205],"teaser":"","voice_url":""},"yoast_head":"\nMasdar acquires a stake in Indonesian geothermal firm Pertamina - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/02\/27\/masdar-acquires-a-stake-in-indonesian-geothermal-firm-pertamina\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Masdar acquires a stake in Indonesian geothermal firm Pertamina\" \/>\n<meta property=\"og:description\" content=\"Masdar makes an entry into geothermal energy: Emirati renewables giant Masdar has acquired shares in the geothermal unit of Indonesia\u2019s state-owned energy firm Pertamina, according to a company statement. 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