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Showing posts with the label Pacific

UAE and Phillipines $15 Billion Renewable Energy Stretches Into Geothermal

The Philippines and Masdar Energy Deal: A Game-Changer in the Renewable Energy Landscape with Geothermal Potential By: Robert Buluma In a groundbreaking move, the Philippines has joined forces with Masdar, the renewable energy giant from the UAE, in a bold partnership that promises to reshape its energy sector. Signed on January 15, 2025, this historic agreement sets the stage for the development of up to 1 gigawatt (GW) of renewable energy capacity by 2030, with ambitious plans to scale up to a staggering 10 GW by 2035. While solar and wind dominate the headlines, there’s a quiet opportunity emerging in the shadows: geothermal energy, a resource that could redefine the future of this collaboration.  A $15 Billion Green Revolution   With an estimated $15 billion in investment, this deal underscores the Philippines' commitment to sustainable growth and energy security. The country aims to increase its renewable energy share in the power generation mix from 22.8% in 2022 to...

Duel In The Pacific Ring Of Fire As 18 Foreign Countries To Invest In Indonesian Geothermal Market

Unleashing Indonesia's Geothermal Potential: A Global Investment Frontier By: Robert Buluma In the heart of the Pacific Ring of Fire lies a treasure trove of untapped energy potential, waiting to be harnessed for the benefit of not just Indonesia, but the entire world. With an abundance of geothermal resources, Indonesia stands at the forefront of renewable energy innovation, attracting the attention of global investors eager to participate in the country's energy revolution. The recent surge of interest from international players such as Sarulla, Itochu, ORKA, Energy Development Corporation (EDC), Sumitomo, Marubeni, INPEX, Masdar, MOECO, Chevron, Fe, ACEN, UNOCAL, Ormat, Enel, Steag, Engie, Mitsubishi, Sumbawa Timur Mining, and Kyushu Electric Power underscores the immense potential of Indonesia's geothermal market. These companies recognize the strategic importance of Indonesia's geothermal resources and are committed to leveraging their expertise and capital to unlo...