Indonesia's Shift to Solar: A New Dawn for Energy Independence
IndonesiaMon Oct 07 2024
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For years, coal has been the king of Indonesia's energy scene. But times are changing, and solar power is stepping into the spotlight. The country is sitting on a goldmine of sunshine that could help it ditch its coal addiction and fight climate change. Enter AC Ventures, a firm that's betting big on solar startups in Indonesia.
It's not all smooth sailing, though. Coal still gets lots of love from the government, and state-owned utility PLN isn't always keen to buy more solar power. Plus, the grid needs some serious upgrades to handle all that sunshine. But AC Ventures sees promise in commercial and industrial projects, like their portfolio company Xurya, which is already supplying clean power to big businesses.
The road ahead is bumpy, but with smart investments and support, solar could be a game-changer for Indonesia's energy future. It's not just about going green – it's also a chance for savvy investors to get in on the ground floor of a growing industry.
https://localnews.ai/article/indonesias-shift-to-solar-a-new-dawn-for-energy-independence-9805b862
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