Masdar to invest in Pertamina Geothermal Energy.

Masdar, a global clean energy powerhouse, agreed to invest in Pertamina Geothermal Energy, a green energy company. Financial terms were not disclosed. “Achieving the 1.5C target set out in the Paris Accords will require humanity to leverage all sources of low-carbon energy, including sources that are currently under-utilized, like geothermal. Through its investment in PGE, Masdar is demonstrating its continuing commitment to Indonesia’s energy transition and its support of one of the major focus areas of the upcoming COP28, which is to provide practical energy security solutions while reducing emissions,” Sultan Al Jaber, Masdar Chairman.