HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
Robinhood Expands Sports Event Contracts With Player Performance Wagers 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
FAA Unveils Flight Plan 2026 to Strengthen Aviation Safety and Workforce Development 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper 
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
FDA Says No Black Box Warning Planned for COVID-19 Vaccines Despite Safety Debate 
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
Trump Sues BBC for Defamation Over Edited Capitol Riot Speech Clip 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Indonesia's state utility, Perusahaan Listrik Negara (PLN), has joined forces with Coca-Cola Europacific Partners (CCEP) Indonesia in pursuing environmental sustainability. Through a Renewable Energy Certificate (REC) arrangement, the two companies have agreed upon a significant collaboration spanning 90 Gigawatt hours (GWh).
Solar Quarter reported that this momentous partnership was formalized by signing a Sale and Purchase Agreement, utilizing PLN's Green Energy As Services REC service. The agreement covers 90,211 units and is set to continue until 2025.
PLN offers a renewable energy certificate service, known as REC, which is internationally recognized and accessible for both industrial and household customers. This service enables users to claim their usage of renewable energy. One of the key beneficiaries of PLN's REC is CCEP Indonesia, which plans to utilize it to fulfill the energy requirements of its largest facility, the Bekasi 1 Factory.
PLN's REC Service
Edi Srimulyanti, PLN Retail and Commerce Director, emphasized that the collaboration reflects the commitment of both PLN and Coca-Cola to supporting the government's ambitious target of achieving Net Zero Emissions (NZE) by 2060. Customers, including CCEP Indonesia, will receive RECs from renewable energy generators.
PLN will distribute these certificates in three stages over the next three years. Edi highlighted the user-friendly nature of PLN's REC service, which simplifies the process for customers to claim their use of renewable energy.
Transparency, accountability, and international recognition are the hallmarks of this service, which has experienced a surge in demand since its introduction in 2020. By November 2023, over 300 corporate buyers had chosen PLN RECs, reflecting a more than tenfold growth.
Commitment Towards Energy Transition
Lucia Karina, Director of Public Affairs, Communications, and Sustainability at CCEP Indonesia, underscored the company's dedication to being at the forefront of energy transition in Indonesia. By leveraging PLN's REC, CCEP Indonesia aims to reduce its dependence on fossil fuel-based equipment in its factories and offices, setting a prominent example for others in the industry to follow suit.
Reuters reproed that PLN signed 14 agreements with various institutions during the COP28 climate summit last month to accelerate the transition to cleaner energy. These agreements encompass plans to develop renewable energy ecosystems, expedite the closure of coal power plants, and implement worker training programs. PLN remains steadfast in its commitment to ushering in a sustainable future.
Photo: niels mortensen/Unsplash
