Masdar, a global clean-energy powerhouse, is entering the geothermal energy sector through a strategic investment in Pertamina Geothermal Energy (PGE), one of the world’s largest geothermal players.
Geothermal energy harnesses the heat generated within the Earth’s core to provide a constant energy source, unlike solar or wind, which are intermittent in nature. Geothermal energy plants also have high-capacity factors, meaning they can run at maximum power for longer periods. These attributes mean geothermal energy could potentially play a significant role in the clean-energy transition, helping nations with a high concentration of geothermal activity to reduce carbon emissions.
PGE has been operating geothermal facilities in Indonesia for 40 years, with a portfolio capacity of more than 1.87 gigawatts. This comes as Indonesia seeks to increase its installed geothermal capacity from 2.8 gigawatts in 2022 to 6.2 gigawatts by 2030. The government is targetin
