12/18/2023 0 Comments Generator bank 7 days to die speakerLand and permitting issues that often hold up power infrastructure projects should be no obstacle for AIR, Soeharto said, referring to plans to build a factory in Indonesia and utilise 70 percent local content in their turbines. He did not say how much had been invested so far.Īccording to the partners, Indonesia has the potential for up to 60 gigawatts of tidal power, more than Indonesia's total electricity capacity of just over 50 gigawatts last year. "We're doing the investment ourselves, with banks," he said. The AIR and OpenHydro model would appeal to renewable energy investors because it is relatively inexpensive and low in maintenance compared with other renewables, said Soeharto, grandchild of former Indonesian president Suharto. OpenHydro, a company specialising in the design and manufacture of marine turbines to generate renewable energy from tidal streams, already has projects in Japan, Britain, France and Canada. "This project is important for Indonesia and the world so we can stop burning coal," AIR president director Panji Adhikumoro Soeharto told Reuters. With narrow straits straddling the Indian and Pacific oceans, Indonesia has significant tidal power potential, and PT Arus Indonesia Raya (AIR) and OpenHydro plan to build the country's first such project. Renewables have so far played little part in Indonesia's power sector, despite the country sitting on the world's biggest geothermal reserves and being bathed in sunshine, crowded out by an abundance of cheap coal and bureaucratic bottlenecks.īut declining costs of renewable electricity and a new push by President Joko Widodo to develop renewables in the remote eastern parts of the archipelago are changing the picture. JAKARTA, Nov 20 (Reuters) - A well-connected Indonesian marine renewable energy company and OpenHydro, a unit of French state-owned naval defence company DCNS, aim to be the first to plug into the vast untapped tidal energy potential of the world's biggest archipelago.
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