Why rural Indonesia is ripe for investment
RGE director Anderson Tanoto wrote a blog post for the World Economic Forum on East Asia 2015. The April 19-21, 2015 event - its 24th edition - is held in Jakarta,...
The new 5.25mw solar power station developed by Asia Symbol (Shandong) has been successfully connected to the regional grid for power generation, marking a major advance in the company’s transition to cleaner energy sources.
The new power station was a joint initiative between Asia Symbol and EAP New Energy (Nanjing). Cost and energy savings generated will be shared by both parties, and the returns on investment will be distributed over a 15-year period. The new facility will help reduce carbon emissions, cut operating costs and increase energy efficiency. It is also aligned with Asia Symbol’s commitment to sustainable development and, on a wider level, China’s ‘dual carbon’ goals.
Asia Symbol builds photovoltaic power generation facilities to switch to renewable energy sources.
Covering a total area of 44,484㎡, the power station can provide the company with an average of about 5.6 million kilowatt-hours of green power per year. The energy produced can be consumed autonomously and will effectively reduce the company’s electricity costs. The project will bring down carbon dioxide emissions by 4,637 tons, and will reduce sulphur dioxide emissions by 0.57 tons per year. It also reduces nitrogen oxide emissions by 0.85 tons, soot emissions by 0.123 tons, and cuts down standard coal usage by 1,690 tce.
Asia Symbol is also investing in the construction of two paper production facilities. After the two projects commence production, the rooftops of the new factory buildings can be used for photovoltaics facilities, with a projected generation of approximately 20mw of electricity. In parallel, Asia Symbol is making full use of biomass resources from the pulping process to generate electricity and steam, and adopting low-carbon waterway transportation instead of road transportation, in line with its focus on clean energy.
APRIL invests in solar panels to reduce carbon emission.
The Asia Symbol photovoltaic project is just one part of RGE’s efforts to reduce carbon emission. APRIL Group, another member of the RGE group of companies, invested in a solar power project in 2021 and plans to install 25mw of capacity by 2025. The solar projects will help RGE achieve its 2030 commitments, as it continues to implement renewables and cleaner energy sources.
