KSA wants to partner up with Indonesia on renewables: Indonesia’s President Joko Widodo concluded a state visit where he discussed increasing bilateral cooperation in the renewable energy sector with KSA’s Crown Prince Mohammed bin Salman, the Saudi Press Agency reported on Friday. Both countries are currently reviewing potential investments across the solar, wind, and geothermal energy sectors, SPA notes. Indonesia has set out a target of sourcing 23% of its energy needs from renewables by 2025 under wider plans to become carbon-neutral by 2060.

Saudi ties: Acwa Power signed an MoU with Indonesia’s state-owned electricity company, PT Perusahaan Listrik Negara to develop a 4 GW battery storage facility and a hydroelectric-powered green hydrogen production facility last November. The two sides said at the time they would begin studies to determine feasibility of also establishing a 600-800 MW pumped storage hydroelectricity facility in Indonesia.

ALSO- KSA and Singapore ink clean energy roadmap: The governments of Saudi Arabia signed on Saturday a roadmap agreement to strengthen cooperation in the renewables, clean hydrogen, and carbon capture and storage sectors, the Saudi Press Agency reports. The new roadmap agreement — which builds on a bilateral MoU signed in 2021 — will facilitate commercial cooperation, as well as knowledge-transfer and research and development in the low-carbon and green technologies sector, SPA notes. The roadmap will also support policy exchange between both sides, helping establish standards, accreditations, and regulatory frameworks for new clean energy technologies.

Singapore is active in the region’s green energy sector: Singapore’s Sembcorp Utilities was among the selected to develop Oman’s 500 MW Manah 2 PV plant. Singapore’s sovereign fund GIC and French hydrogen investor Hy24 also invested USD 115 mn in InterContinental Energy's green hydrogen expansion plans in the Middle East and Australia. Singapore-based carbon trading exchange AirCarbon Exchange also launched the UAE Carbon Alliance with the UAE Independent Climate Change Accelerators in June to set up a framework for carbon markets.

OTHER DIPLO STORIES WORTH KNOWING ABOUT THIS MORNING-

• Oman and KSA team up on nuclear energy: Oman’s Environment Authority and Saudi Arabia’s Nuclear and Radiological Regulatory Commission have signed a knowledge-transfer agreement in a bid to promote best practices in the atomic energy sector and safeguard against radiation-related environmental hazards. (Oman News Agency)