Indonesian Political, Business & Finance News

Archive: 18 August 2024

1 article found

Indonesia requires US$25.2 billion in private investment for green hydrogen development by 2060

Indonesia's Ministry of Investment has outlined plans requiring US$25.2 billion in private sector funding to develop green hydrogen capacity by 2060, with state-owned Pertamina already committing US$11 billion to support the nation's green energy transition. A major US$1.2 billion collaborative project between GGGI, Samsung, and Hyundai in North Sumatra is underway, positioning hydrogen as a critical sustainable fuel and energy storage solution to mitigate industrial energy crises whilst achievi