{"id":80186,"date":"2023-10-23T01:00:50","date_gmt":"2023-10-23T01:00:50","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/10\/23\/saudi-signs-mous-with-indonesia-and-singapore-for-renewables-cooperation\/"},"modified":"2023-10-23T01:00:50","modified_gmt":"2023-10-23T01:00:50","slug":"saudi-signs-mous-with-indonesia-and-singapore-for-renewables-cooperation","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/10\/23\/saudi-signs-mous-with-indonesia-and-singapore-for-renewables-cooperation\/","title":{"rendered":"Saudi signs MoUs with Indonesia and Singapore for renewables cooperation"},"content":{"rendered":"<p><strong>KSA <\/strong><strong>wants to partner up with Indonesia on renewables: <\/strong>Indonesia\u2019s President Joko Widodo concluded a state visit where he discussed increasing bilateral cooperation in the renewable energy sector with KSA\u2019s Crown Prince Mohammed bin Salman, the <a href=\"https:\/\/www.spa.gov.sa\/en\/N1983502\">Saudi Press Agency<\/a> reported on Friday. Both countries are currently reviewing potential investments across the solar, wind, and geothermal energy sectors, SPA notes. Indonesia has set out a target of <a href=\"https:\/\/iesr.or.id\/en\/indonesia-needs-to-overhaul-strategy-to-pursue-23-renewable-energy-mix-in-2025\">sourcing 23%<\/a> of its energy needs from renewables by 2025 under wider plans to become <a href=\"https:\/\/www.iea.org\/reports\/an-energy-sector-roadmap-to-net-zero-emissions-in-indonesia\">carbon-neutral by 2060<\/a>.<\/p>\n<p><strong>Saudi ties:<\/strong> Acwa Power <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/61525d65-123b-493b-b8d6-ed7866b82314\">signed an MoU<\/a> with Indonesia\u2019s state-owned electricity company, PT Perusahaan Listrik Negara to develop a 4 GW battery storage facility and a hydroelectric-powered green hydrogen production facility last November. The two sides said at the time they would begin studies to determine feasibility of also establishing a 600-800 MW pumped storage hydroelectricity facility in Indonesia.<\/p>\n<p><strong>ALSO- KSA and Singapore ink clean energy roadmap: <\/strong>The governments of Saudi Arabia signed on Saturday a roadmap agreement to strengthen cooperation in the renewables, clean hydrogen, and carbon capture and storage sectors, the <a href=\"https:\/\/www.spa.gov.sa\/en\/N1983721\">Saudi Press Agency<\/a> reports. The new roadmap agreement \u2014 which builds on a bilateral MoU signed in 2021 \u2014 will facilitate commercial cooperation, as well as knowledge-transfer and research and development in the low-carbon and green technologies sector, SPA notes. The roadmap will also support policy exchange between both sides, helping establish standards, accreditations, and regulatory frameworks for new clean energy technologies.<\/p>\n<p><strong>Singapore is active in the region\u2019s green energy sector: <\/strong>Singapore\u2019s Sembcorp Utilities was among the selected to develop <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1728d9b1-718d-4aef-858e-d2202348434d\">Oman\u2019s 500 MW Manah 2 PV plant<\/a>. Singapore\u2019s sovereign fund GIC and French hydrogen investor Hy24 also <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dac41906-1485-42fe-b103-9d11a851945c\">invested USD 115 mn<\/a> in InterContinental Energy's green hydrogen expansion plans in the Middle East and Australia. Singapore-based carbon trading exchange AirCarbon Exchange also launched the <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2267fc43-054b-48b1-b300-721a827ae2dc\">UAE Carbon Alliance<\/a> with the UAE Independent Climate Change Accelerators in June to set up a framework for carbon markets.<\/p>\n<p><strong>OTHER DIPLO STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Oman and KSA team up on nuclear energy: <\/strong>Oman\u2019s Environment Authority and Saudi Arabia\u2019s Nuclear and Radiological Regulatory Commission have signed a knowledge-transfer agreement in a bid to promote best practices in the atomic energy sector and safeguard against radiation-related environmental hazards. (<a href=\"https:\/\/omannews.gov.om\/topics\/ar\/3\/show\/424633\">Oman News Agency<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>KSA wants to partner up with Indonesia on renewables: Indonesia\u2019s President Joko Widodo concluded a state visit where he discussed increasing bilateral cooperation in the renewable energy sector with KSA\u2019s Crown Prince Mohammed bin Salman, the Saudi Press Agency reported on Friday. Both countries are currently reviewing potential investments across the solar, wind, and geothermal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":80187,"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":[62],"tags":[61,11,1937,88,159],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-80186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-diplomacy","tag-climate-diplomacy","tag-enterpriseclimate","tag-indonesia-singapore","tag-renewables","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"65c82c5d-8598-4b50-968a-1f597de01e7b","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/10\/1619.jpg","photo_position":"above","related_issue":[80168],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Saudi signs MoUs with Indonesia and Singapore for renewables cooperation - 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\/10\/23\/saudi-signs-mous-with-indonesia-and-singapore-for-renewables-cooperation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi signs MoUs with Indonesia and Singapore for renewables cooperation\" \/>\n<meta property=\"og:description\" content=\"KSA wants to partner up with Indonesia on renewables: Indonesia\u2019s President Joko Widodo concluded a state visit where he discussed increasing bilateral cooperation in the renewable energy sector with KSA\u2019s Crown Prince Mohammed bin Salman, the Saudi Press Agency reported on Friday. Both countries are currently reviewing potential investments across the solar, wind, and geothermal [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/23\/saudi-signs-mous-with-indonesia-and-singapore-for-renewables-cooperation\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-23T01:00:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1619.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/23\/saudi-signs-mous-with-indonesia-and-singapore-for-renewables-cooperation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/23\/saudi-signs-mous-with-indonesia-and-singapore-for-renewables-cooperation\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Saudi signs MoUs with Indonesia and Singapore for renewables cooperation\",\"datePublished\":\"2023-10-23T01:00:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/23\/saudi-signs-mous-with-indonesia-and-singapore-for-renewables-cooperation\/\"},\"wordCount\":383,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/23\/saudi-signs-mous-with-indonesia-and-singapore-for-renewables-cooperation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1619.jpg?fit=%2C&ssl=1\",\"keywords\":[\"CLIMATE DIPLOMACY\",\"EnterpriseClimate\",\"Indonesia Singapore\",\"renewables\",\"Saudi Arabia\"],\"articleSection\":[\"CLIMATE DIPLOMACY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/23\/saudi-signs-mous-with-indonesia-and-singapore-for-renewables-cooperation\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/23\/saudi-signs-mous-with-indonesia-and-singapore-for-renewables-cooperation\/\",\"name\":\"Saudi signs MoUs with Indonesia and Singapore for renewables cooperation - 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