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The Minister of Energy and Mineral Resources has finally approved PLN’s 2021-2030 Electricity Supply Business Plan (RUPTL). This long-anticipated RUPTL marks a pivotal milestone for PLN. For the first time, the majority of power generation projects to be developed are renewable energy projects, accounting for 51.6% of 40,575 MW of power generation projects. The RUPTL also allocates a bigger share to Independent Power Producers in developing power generation projects.

The ecosystem of the electric vehicle (EV) market is huge and requires significant investment. While the market forecast is bright, many existing players are still waiting for the right time to invest, not to mention new players considering entering into this emerging market. One of the key drivers to activate the consumers’ buying motivation, the primary factor for advancement of the EV market to the next stage, involves financial incentives.

With its National Hydrogen Strategy from 2020, the German federal government has presented a comprehensive strategy to boost the market ramp-up for green hydrogen and, thereby, to decarbonize the German economy. In doing so, the German federal government recognized early on that the country would be dependent on importing a considerable amount of green hydrogen, especially in the medium to long term. Accordingly, a global hydrogen supplier market will be established in the near future.

On 30 September 2021, the President presented to the House of Representatives a Bill seeking to amend articles 25, 27 and 28 of the Constitution of the United Mexican States, in energy matters. The Bill to amend the Constitution proposes the following: (i) substantial changes in both public policies, and the regulation of the electricity and hydrocarbon industries; (ii) nationalizing the right to the exploration, use, and exploitation of lithium, and, (iii) establishing that no future concessions will be granted.

Unlike in other jurisdictions, straightforward corporate power purchase agreements are not possible in Indonesia, as only the Indonesian state-owned power utility PT PLN (Persero) (PLN) and private power developers that have the relevant business area approval can sell electricity to end customers. As a result, there is a general perception among developers and corporates alike that it is not possible to implement corporate PPA structures in Indonesia. In fact, this is not the case, and as the Government of Indonesia makes a big push for rooftop solar schemes, we expect to see an uptick in structures that enable private developers to arrange for electricity generation to customers.

The Government of Indonesia is making a big push to encourage the development of rooftop solar PV projects, in line with the policies it began to introduce with the issuance of Minister of Energy and Mineral Resources (MEMR) Regulation No. 49 of 2018 (“Reg 49”), in order to encourage Indonesia’s solar PV industry, and its global commitments to reduce greenhouse gas emissions. The MEMR has now revoked Reg 49 and replaced it with MEMR Regulation No. 26 of 2021 on Rooftop Solar Power Plants Connected to the Electricity Grid for Public Interest License Holders (“Reg 26”). Reg 26 became effective on 20 August 2021.

In the run up to the United Nations Climate Change Conference (COP26), the UK has published its first ever Hydrogen Strategy. The strategy promises to deliver 9,000 jobs, GBP 4 billion in investment and new export opportunities by creating a thriving low-carbon hydrogen sector in the UK over the next 10 years and beyond. It builds on the prime minister’s determined Ten Point Plan for a Green Industrial Revolution by depicting how the UK government will work with industry to meet its ambition for 5 gigawatts of low-carbon hydrogen production capacity by 2030.

An overarching theme of COP26 and a priority of the UK presidency is to enhance climate change ambition. As countries set enhanced climate plans and pledges for 2030 (called “nationally determined contributions”) and set net-zero targets for 2050 (or earlier), they are also looking to the private sector to participate in this “race to zero.

Infrastructure Victoria has recently released an updated 30-year Infrastructure Strategy which the Victorian Government is currently considering. Following remarks from the Treasurer, we anticipate the Victorian Government to issue its response to IV’s stated infrastructure priorities within the next 12 months.